The Billionaires Privatizing American Science
An anonymous reader writes "Government-funded science is struggling in the United States. With the unstable economy over the past decade and the growing hostility to science in popular rhetoric, basic research money is getting hard to find. Part of the gap is being filled by billionaire philanthropists. Steven Edwards of the American Association for the Advancement of Science says, 'For better or worse, the practice of science in the 21st century is becoming shaped less by national priorities or by peer-review groups and more by the particular preferences of individuals with huge amounts of money.' Vast amounts of research are now driven by names like Bill Gates, Michael Bloomberg, David Koch, and Eric Schmidt. While this helps in some ways, it can hurt in others. 'Many of the patrons, they say, are ignoring basic research — the kind that investigates the riddles of nature and has produced centuries of breakthroughs, even whole industries — for a jumble of popular, feel-good fields like environmental studies and space exploration. ... Fundamentally at stake, the critics say, is the social contract that cultivates science for the common good.'"
Billionaires tend to be far more critical of what their money finances than government granting authorities. Consider all of the scandals involving made up data. A billionaire who funded that might get it checked out before allowing it to be published. A government agency won't. A billionaire who discovers shenanigans certainly won't fund that researcher again, a government agency probably will.
Now I know a lot of that is driven by "publish or perish" but it's pretty obvious that private donors are more likely to scrutinize than public sector donors. If that weren't the case, the various public funding agencies would be bringing the fraudulent researchers up on criminal charges for defrauding the tax payer.
But in reality, this should be welcomed. This is how science got funded during its first centuries as a discipline when many of the giants of science did their work. Billionaires have the luxury of blowing their money however they see fit. All a researcher who thinks a field might prove promising has to do is make a case to the man with the money. There's no public interest involved, just his personal interest. That means no red tape, no government oversight, etc.
What if the Billionaire WANTS a certain answer and lets the scientist know it, so that the "data" can be published for a huge return on investment for the billionaire? Tobacco industry did this.
Or maybe billionaire just has an answer he emotionally wants to hear and funds science to get that instead of sensible science? If Jenny McCarthy had billions what sort of research d'you think she might fund?
Or what if billionaire wants research on life extending treatments for him and him alone and screw publishing?
I don't see any compelling reason billionare science would be any better than publicly funded science. I'd rather everyone own the results, too, than a billionaire.
I mean, one thing a billionare is VERY good at is hoarding good things (money) for themselves AREN'T THEY.
--PeterM
The problem is we don't actually know what is and isn't a waste.
A lot of very useful science started out as just some researchers pie in the sky distraction. For instance, much of the work in number theory and pure mathematics of the past few hundred years had no clear use. In Hilberts autobiography, "Apology of a Mathematician" he apologized for spending his life playing with puzzles that he thought were fun.
However, actually number theory (especially now that we have computers) actually turned out to be QUITE useful.
The problem is you don't know what will or won't be useful ex-ante. There are certainly benefits to saying "we should find a cure for _____" However, perhaps some microbiologist who just wanted to see what he could grow if he tried culturing a geyser will discover something revolutionary. (Really happened. Modern microbiology relies on replicating DNA which uses a mechanism found in a bacteria that figured out how to live in a geyser).
Really we need a mix. If a billionaire likes the idea of going into space, we should welcome him to try. However, we should still support pure research because of the probably effects on society.
Private funding in medicine sucks. If the new drug you're testings turns out to not work well or produces some really bad side effects you can't sell it and all the money seems lost (you've learned something, but you can't sell or quantify that). So there's a lot of pressure to bury the facts and get your drugs to market as long as we'll make a profit before the lawsuits come in.
We shouldn't have privately funded medical research.