Earlier quoted context omitted.
Government investment in science is...the only way basic science happens, really. I'd recommend reading The Entrepreneurial State [1] here: in essence, basic science pays off too slowly to interest even the most deeply-pocketed capital interests, but it pays off, so wise societies invest in it; Silicon Valley owes its existence to massive formative public investments in underlying technologies. Not to mention that sm…
> a high minimum investment This is the only part I actually disagree with. Science is incredibly cheap. It can have a long time to mature but interestingly that is dependent on the number of "bonds", with quicker returns when there's more "bonds" issued. I'd say there's 4 common classes of misinterpretation: Perception bias: ---------------- Most of science is performed by grad students and academics. Neither of whi…
Maybe I'm wrong, and if so I apologise! But as soon as I saw the essay like format, I knew I wasn't going to spend time on it. I think shorter points that provoke discussion may work better here.