Earlier quoted context omitted.
One really major innovation is that we have developed the capacity to do experiments at a massive volume physically, and are just - with the big data revolution - developing the capability to understand these data volumes and translate them into findings. Whereas science used to be done in a relatively small number of labs, with little communication between countries - there are now thousands of universities and comm…
> Whereas science used to be done in a relatively small number of labs, with little communication between countries - there are now thousands of universities and commercial labs in every developed country doing research. And that research uses machines that measure thousands of variables at high speed. And the median value of that reasearch is zero. There is literally too much research being done. Because of perverse…
It is very hard to say with basic research, what is pointless. For instance, there is little application for bozons and yet we paid a lot of money for CERN. On the other hand, they say all that RNA vaccine research looked kind of pointless till recently. What if the data about subatomc particles at cern lets us build quantum computers or fusion power - we wouldn't know until much later. So hard to value.
But it doesn't change the multiplier effect of figuring out how to synthesise all this stuff. Some of this stuff only becomes valuable once we can do that.