[ExI] Private and government R&D [was Health care in the USA]

[Stathis Papaioannou]

2009/6/29 Max More <max at maxmore.com>:
> Stathis Papaioannou wrote:
>>
>> Pure science is by its nature something private industry won't fund
>
> But this is not true. Private sources may not fund *as much* basic research
> as you want, but it's clearly false to claim that they won't fund any. Do
> you really believe that companies provide zero support for university
> research? That private sources have done no basic research? (Is IBM's
> research into quantum computing, for instance, a hallucination?)
>
> http://en.wikipedia.org/wiki/Research_funding

There is exceptional private research done by the likes of IBM and
Bell Labs, and corporations also do fund some university research, but
this is not investment justified on the basis of its likelihood to
yield a profit. It is more like donating to charity, whether for the
positive publicity thus generated or out of a sense of civic duty.


-- 
Stathis Papaioannou