Slashdot Mirror


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.'"

42 of 279 comments (clear)

  1. Science for Profit by ks*nut · · Score: 2, Insightful

    What could possibly go wrong? They'll "prove" that fracking doesn't pollute groundwater, nuclear plants and their waste products are safe and global warming is a myth. Oh yeah, the Earth is 6,000 years old and Intelligent Design is science. We, our children and our grandchildren will all profit from this!

    1. Re:Science for Profit by inasity_rules · · Score: 2, Interesting

      Nuclear plants can be safe if and only if you don't rely on designs from the 60s.... Look up Thorium cycle reactors. Their waste products, not so much, but modern ones produce less of the above.

      But don't let facts get in the way of your rant. Carry on...

      --
      I have determined that my sig is indeterminate.
    2. Re: Science for Profit by reedk · · Score: 4, Insightful

      So we can't trust private citizens to guide science, but should have complete faith in appointed government beueaucrats and regulators?

    3. Re:Science for Profit by Anonymous Coward · · Score: 5, Interesting

      The article and summary emphasize individuals who are funding scientific research, emphasizing the "philanthropic" model, including some of the problem with it. Most of the comments here take that bait and read this as "rich guys (mostly) funding science -- is this evil?". In fact, private corporations have funded fundamental and applied scientific work in the US and abroad for many decades. Bell Labs, IBM, General Electric, and so on. Was the transistor an important scientific discovery? The Nobel committee seemed to think so, and its change to society undoubtedly profound. Was it funded publicly? No. In fact, not only was it funded by a private corporation, the scientists were not independent in the least. They were not university researchers with funding from the private corporation -- they were employees. The scientists jobs depended on preserving and maintaining dominance of a private monopoly on telephone service. Was the transistor an evil plot by a private corporation? Yeah, it kind of was, actually.

      Legally and in practice of funding research, the difference between corporations and individuals is very small. Many corporations have closed their private labs and fund chairs at universities instead. This is basically cheaper for them..... wait, I mean "more efficient" in the economic sense. It also allows for better decoupling of paycheck and results. Scientists may get a grant from Monsanto or the Keck foundation or Microsoft or whoever, and others may question whether the research is biased, but the scientists is probably not solely dependent on that source of funding.

      FWIW, government funded research has implied biases too. The researchers at national labs and those funded by NSF, DOE, NIH, and NASA are definitely not given open-ended grants without continual scrutiny of topics being worked on and results.

      In summary, this is neither that new or surprising. Government funding for science (especially at NIH) is way down. The huge income inequality in the US means there are many more obscenely rich people, most of them well-educated and many with technical backgrounds. As a research scientist, I'm happy to see them "giving back", at least partly. It's only natural that they would choose areas they are interested. I don't see much reason to expect results more biased or fraudulent than other scientific work. Of course, the better solution would be for the rest of the country to take (ie, tax) the money from the rich people and fund science collectively.
       

  2. What they're really afraid of, I think... by MikeRT · · Score: 5, Insightful

    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.

    1. Re:What they're really afraid of, I think... by metlin · · Score: 5, Insightful

      You're an idiot. There was a recent article on how Columbia fired two of its eminent public intellectuals. Why? For not bringing in enough grant money. Not because they didn't publish, or not because they weren't any good. No, because they weren't politically savvy enough to bring in grant money.

      Both Vance and Hopper had 30 and 26 years at Columbia respectively, and highly respected in their fields. They were let go because the expectation was that they bring in ~80% of their income from outside grants. Not doing research, not publishing, but bringing in *money*. No wonder people like Grigori Perelman hate the current academia.

      You aren't doing science then, you are rewarding those that can *market* their subjects well.

      But in reality, this should be welcomed.

      Really? If you'd read the piece, you will notice that subjects with seemingly little application are the ones that get little to not attention. Because they are neither utilitarian nor do they make them feel good.

      Take the Fourier transform for instance -- once upon a time, it would have been considered pure math, but today, DSP wouldn't exist without it. To focus only on those that *we* think are utilitarian can be extremely myopic, not to mention downright arrogant.

      This is how science got funded during its first centuries as a discipline when many of the giants of science did their work.

      That is downright silly. Just because something was done a certain way is not an argument for not using a better way. Using patrons has always been problematic, because patrons always favored things that they liked, with a vested interest.

      If we still did things the way they were done, democracy wouldn't exist. As a concept, it is downright radical and new - giving power to the people?! Imagine that!

      Similarly, the idea that people would fund science for the common good is just as radical, and going back to having patrons is pushing us back to the dark ages. We should be moving forward, not backward.

    2. Re:What they're really afraid of, I think... by StormReaver · · Score: 3, Insightful

      Billionaires tend to be far more critical of what their money finances than government granting authorities.

      True, but the outcome is not usually what you are implying. Billionaires tend to put their money where there is the most to gain for themselves, while governments have a stronger motivation to fund important fundamental discoveries that do not provide an immediate return on investment.

      Consider all of the scandals involving made up data.

      Both privately and publicly funded entities do this. At least publicly funded entities can be cross-checked. Privately funded entities are under no pressure to disclose all their sources, and will be even less so as private funding of science becomes more socially acceptable.

      A billionaire who discovers shenanigans certainly won't fund that researcher again, a government agency probably will.

      To a billionaire, "shenanigans" means that the "researcher" didn't arrive at the results the billionaire paid for. So yes, the billionaire will not fund that researcher again.

      ...it's pretty obvious that private donors are more likely to scrutinize than public sector donors.

      Yes, but only to make sure that the private donors' political biases take precedence over the truth.

      Billionaires have the luxury of blowing their money however they see fit.

      And they will only "blow" their money on endeavors that make them more money. How do you think they became billionaires to begin with?

      This is how science got funded during its first centuries as a discipline when many of the giants of science did their work.

      Lots and lots and lots of good science had to fight and uphill battle against the political desires of private patrons back then, which held back scientific progress rather than promoted it.

      No, private funding of the sciences was, is, and will be a disaster.

    3. Re:What they're really afraid of, I think... by metlin · · Score: 2

      On what basis?

      Cutting the size just because is not a good enough rationale.

      I'm agnostic when it comes to the size of the government but given our current crappy patent system, it is downright silly to think short term greed won't override long term progress for the species.

      There's no "profit" in investing in pure math or landing a probe on Pluto or conserving a dying species of insect. Scientific curiosity is seldom profitable in the short run.

    4. Re:What they're really afraid of, I think... by metlin · · Score: 3, Insightful

      If a department is not serving its stated function, and cannot propose a rational plan for doing so, then it should be eliminated because it's a waste of our money, and therefore our time and effort.

      Huh? What does this even mean? You sound as if you are regurgitating the small government propaganda without any sound argument.

      The stated function is funding research, and that's getting done. The rational plan is funding scientists who are the most eligible to win the research grants. What is so hard about that?

      The problem is the expectation of something "fruitful" to come out of research. As any half-decent scientist will tell you, a lot of good science comes from learning from our failures, and examining questions that may seem pointless today.

      NSF grants have funded several amazing scientists and their research -- how do you even *begin* to "measure" the purpose of scientific research? The whole idea behind scientific research is asking questions that may seem trivial or even meaningless. The only viable measure is publications, and even that is meaningless -- would you rather have one outstanding paper every decade or a bunch of pointless papers to check a box?

      The myopic outlook that decries large government also decries spending on science and research, never mind the fact that open science is what helps civilization as a whole. Closed research funded by the beck and call of corporations defeats the scientific process -- science is about openness, understanding, and investigating hard questions that may not have tangible benefits for the next few hundred years or more.

      And sometimes, that means our time and effort are spent doing absolutely silly things that may have impacts that we do not yet understand. If pursuit of knowledge for its own sake isn't a good enough reason, then I weep for the future of this country.

  3. Re:Global Warming "Research" by smittyoneeach · · Score: 5, Interesting

    Son, we live in a world that has a permanent political class, and that PPC has to be guarded by votes. Who's gonna do it? You? You, AC? The PPC has a greater responsibility than you could possibly fathom. You weep for basic research, and you curse the skeptics. You have that luxury. You have the luxury of not knowing what I know. That basic research's death, while tragic, probably saved votes. And the PPC's existence, while grotesque and incomprehensible to you, requires votes. You don't want the truth because deep down in places you don't talk about at parties, you want the PPC in charge, you need the PPC in charge. We use words like procedure, program, process. We use these words as the backbone of a life spent defending the PPC. You use them as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very "managed" freedom that I provide, and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way, Otherwise, I suggest you bundle some campaign funds, and bring in some votes. Either way, I don't give a damn what research you think the public should support.

    --
    Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
  4. Don't be too sure of yourself. by PeterM+from+Berkeley · · Score: 5, Insightful

    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

    1. Re:Don't be too sure of yourself. by Bengie · · Score: 4, Interesting

      I've only experienced two types of public research
      1) Given away for free, no patents being used to hinder
      2) Patent and charge money, but that money goes back into the educational system that created them and paid for over 90% of my state uni tuition. Out of State $30k/sem, in-state $2k/sem.

      For over 30 years, my state unis have been very cheap for in-state citizens because of patents. Our state owns a lot of stem cell, pharma, bio-tech, and integrated circuit patents. Most of the money made from those patents get pumped back into the higher educational system and dramatically lower the price. We're also highly coveted because of high quality graduates. We've got freshmen getting contacted via phone by the likes of Intel, AMD, Microsoft, and Google, asking them what they plan on doing after they graduate.

      We also have a large amount of research that is state funded or alumni funded that gets released for free for the greater good of the general public.

    2. Re:Don't be too sure of yourself. by flyingsquid · · Score: 2

      If you don't believe that the government should support research and technology, why do you still use the internet and the web- which were both developed with public funding by DARPA and CERN, respectively? This is the classic hypocrisy of libertarians- when it comes time to pay they claim it's a form of theft, but they have no problem with using all the public services- roads, universities, the internet- that have been paid for with my tax dollars. They're happy to take government services, they just don't want to pay for them. If their house catches on fire, they're going to call 911 just like everyone else.

    3. Re:Don't be too sure of yourself. by Third+Position · · Score: 2

      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

      And the incentives of the people deciding which research will get public funding differ exactly how? You seem to start with the assumption that the career bureaucrat won't dispose of assets under his control to his greatest advantage whereas the career businessman will. I'm not seeing it.

      --
      American Third Position
      Finally, a real choice!
  5. Social Security is Going to Gobble Everything by glennrrr · · Score: 2, Informative

    Given the many trillions of dollars committed to Social Security / Medicare, and the amazing ability of baby boomers to get their way politically, it seems pretty obvious that everything that isn't Social Security, Medicare better be prepared to go private.

  6. Return to very old models? by Matt_Bennett · · Score: 3, Interesting

    This seems to be a return to some very old models of research- think Aristotle, Leonardo Da Vinci, where research was not government supported, but either the hobby of the very rich, or the very rich paying someone. I suppose that it could be considered as government supported, as the very rich *were* the government. The institutional government supporting research appears to be a 19th or 20th century change, and that is dominated by military motives.

    The super rich have more money than they could possibly spend- why not let them spend that money in the way that they want? Be it driven by guilt or by the desire to make more money... I'd much rather them spend the money on science as opposed to spending their money on becoming part of the government (think Mitt Romney and Michael Bloomberg in the US and Silvio Berlusconi in Italy).

  7. Should have strong private and public funding ... by MacTO · · Score: 2

    Private funding is great in many areas. This is particularly true of science that addresses problems that society needs to solve (e.g. medicine) or that captures people's imaginations (e.g. astronomy).

    However, there is a lot of science that needs to be done that doesn't fit into either category. That is where governments need to step in.

  8. Re:If and only if? by inasity_rules · · Score: 2

    Call it a minimum requirement. If nuclear plants run on 1960s tech they will not be safe. Fukushima complied with the safety requirements of the day.

    --
    I have determined that my sig is indeterminate.
  9. Govt funding is aberration by Lawrence_Bird · · Score: 3, Insightful

    It really was not until the Manhattan project and post WWII cold war that government became the patron of scientists. Was Diract writing grant requests? Bohr? Heisenberg? Shockley (et al)?

    This is a really encouraging sign and should be looked upon favorably even if it is not prefect. Philanthropists have been on the sidelines for a long time now and it will be a learning process for all involved on how to best utilize funding.

  10. Centuries of government funded basic research? by dabridgham · · Score: 3, Informative

    I don't think so. Basic scientific research has been privately funded for most of those centuries. Government funding is a relatively recent change.

  11. Re:Good! by Anonymous Coward · · Score: 5, Interesting

    You are either trolling or being sarcastic, but you actually bring up what is probably the core point here.

    Many years ago, the rightmost elements decided that a strong government was not beneficial to the wealthiest citizens and in fact was a threat to them. Therefore, the goal became to reduce the size of government to the bare essentials - the smallest possible size that would protect them and their hoards - and then, control it.

    At some point several decades ago, around the time or Reagan or maybe a little earlier, it was realized the way to do this was to do this was to reduce the amount of money government had to spend. There were two ways they could accomplish this. They could either reduce taxes, or increase the debt so that interest became a more and more substantial portion of the budget. It wasn't an either/or scenario, in fact the two were completely complimentary. They went down both roads.

    For decades Republicans have been coupling tax cuts, preferentially for the wealthy to please the oligarch and corporate overlords, combined with prolific spending, preferentially on the military industrial complex (MIC).

    This has gotten us to where we are today: an unpayable debt, a military budget that exceeds the rest of the developed world combined (with a large part of that budget going directly to defense contracting companies), and the budgets for most of the 'good' parts of government (which include scientific research and programs that keep people out of abject poverty) being slashed.

    The place where the architects of this plan fucked up, and the one hope rational middle class and lower class people have to salvage the situation, is that the right also threw their lot in with the religious extremists in order to get people elected into office that otherwise would not. This has, today, given them an important faction of their bloc that continues to alienate minorities and people of more moderate viewpoints with absurd and offensive positions and statements, in some cases costing the Republicans elections. The chickens have come home to roost, so to speak.

    This is the last chance to save our society from complete control by the monied elite and corporations, which apparently are now equivalent to very, very rich people in the eyes of the government (without many of the obligations). This division must be exploited, expanded, and communicated to the voters. Also, people must be allowed and urged to vote - Republican voter suppression efforts, gerrymandering, and electoral college changes are another, more obvious, flank of this battle that results in representation in Washington that does not represent the demographics of the population they are representing. 2014 may be a lost cause, but 2016 is not. I'll have to hold my nose while I do it, but if I have to, I'll put Hillary's name on the ballot in 2016.

    Other tenets of the far right to hold the lower classes down where they belong include:
    - Continuing to tie insurance to employers - leaving the workers completely dependent upon the corporations where they are employed. Sort of the equivalent of the old 'company store' where you could spend the scrip you received as pay.
    - Cutting unemployment benefits - forcing people to stay in shitty jobs
    - Cutting or dumbing down education - a less educated populace is easier to control. Think about how many of the Founding Fathers were educated and wealthy. We can't have that again, can we?
    - Eliminating birth control - a child will force people out of higher education and into a paycheck to paycheck job to pay the bills, and as a bonus the child is likely to grow up less educated as well.
    - A war on the scientifically accepted climate change theories. Any attempt to do anything about these will result in lower profits for the Overlords.

  12. How much is enough? by jamesl · · Score: 4, Informative

    The poster asserts, "Government-funded science is struggling in the United States."

    The Federal Government spends more than $130 billion on research and development (R&D) each year, conducted primarily at universities and Federal laboratories.
    http://www.whitehouse.gov/blog...

    How much should the taxpayers spend on research? Show your work.

  13. Re:Lots of government funding is wasted by KingOfBLASH · · Score: 5, Insightful

    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.

  14. Re:Good! by Runaway1956 · · Score: 2, Troll

    Interesting attempt to paint the "rightmost elements" of government as being responsible for our dysfunctional government.

    I suggest, instead, that the primary problem with our government, and our economy, is the Federal Reserve. Like the World Bank and the various Central Banks around the world, it's interests supersede any national interests. Central banks, especially the Bank of England, are notorious for funding both sides in a war, knowing that the winner will control the assets necessary to repay to funds of both sides.

    Left wing, right wing, it doesn't matter. The Fed funds them both, and both are very happy to impoverish the nation while trying to ensure they it rules the country.

    While you're so happy highlighting all the evils of the right - you miss all the evils of the left. Welfare, for instance. Why do we have a welfare system that actually encourages generational dependence on the government? Why are welfare recipients using their benefits to purchase luxury goods? Why do 1 in 4 Americans qualify for welfare? Why do illegal aliens often get welfare benefits?

    Neither party has any interest in enriching the common man, and both parties cooperate in impoverishing the population of the United States. Each has it's own interests, of course, but the fact is, there is a class war in the US right now. It's the "ruling class" versus all the rest of us.

    Left or right, the ruling class fails to identify with the common man, and they have zero loyalty to the rapidly disappearing "middle class".

    --
    "Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
  15. Re: Global Warming "Research" by CohibaVancouver · · Score: 2

    Stopped reading at "son".

    *Whoosh*

  16. Fundamental Research by Roger+W+Moore · · Score: 2

    This seems to be a return to some very old models of research

    Not entirely. Aristotle, Da Vinci etc were given leave to "explore". They were funded to do curiosity driven research as well as the "build a better widget" kind. Today's billionaires, very like governments, are focussed on getting better widgets rather than improving mankind's knowledge. The problem is that it can take 50-100 years before our new fundamental knowledge can be applied so by the time that they all wake up to find that applied science has slowed to a crawl it will be a long time before the damage can be undone.

  17. Re:Good! by aminorex · · Score: 3, Insightful

    The OP's comments on the "social contract" refer to his desire for people with guns to take from my science projects and from the people I support, and give to his science projects, and the people he supports. Calling it "the social contract that cultivates science for the common good" is despicable propaganda. It's funny how
    "the common good" always involves hiring thugs to threaten other people so that you get your way.

    --
    -I like my women like I like my tea: green-
  18. Better Than The Alternative by anorlunda · · Score: 2

    I'm sure that this news may make a lot of slashdotters uncomfortable. But I ask you to think of the alternative. They could spend their billions influencing elections. How many attack ads can you buy for $75 billion?

    Here's a challenge. How should billionaires spend their money?

    I'm not asking for how you would spend the billions if it was yours, nor am I interested in your concept of social justice or what is beneficial for mankind. I'm challenging you to try to imagine the world from, the billionaire's view.

  19. Re:Should have strong private and public funding . by Anonymous Coward · · Score: 5, Insightful

    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.

  20. Re:Lots of government funding is wasted by russotto · · Score: 2

    _A Mathematician's Apology_ was by G.H. Hardy, not Hilbert.

  21. Re:history ala comedy central by Anonymous Coward · · Score: 2, Informative

    The president doesn't spend money. Congress spends the money. Perhaps you should check your 'facts.'

  22. Traditional patronage != government? Really? by Immerman · · Score: 3, Insightful

    Really? Patronage was the norm for a long time, but who were the patrons? Mostly the upper nobility who had money to burn - aka the government of the time. How often do you suppose the king kept separate treasuries for the nation and himself? Or the nobility, who were basically state or county governments. Sure, you had the merchant-princes as well whose empire was forged from trade routes rather than farmland, but basically those with money *were* the government.

    --
    --- Most topics have many sides worth arguing, allow me to take one opposite you.
  23. Re: Global Warming "Research" by JWW · · Score: 2

    Epic post. It took a few seconds to catch on, but awesome reuse and appropriation of the feel of that particular homily.

    That you had someone moderate it without knowing what it was and have to post to remove moderation only increases the epicness.

  24. Re:Good! by Pino+Grigio · · Score: 2

    In my view having a choice in the matter of whether to aid your fellow man and deciding to do it is a more moral act than being compelled to at the point of a gun or a prison cell.

  25. Re:Good! by Anonymous Coward · · Score: 4, Insightful

    Why do people buy "luxury" goods with handouts? why ever not? It may be that they live a life so frugal that they have leftover ressources. Or maybe you are one of these "small government" tyoes who think that there should be a list of items that you are allowed to buy with food stamps -- which there already is, shockingly enough -- but think that giving parents vouchers to put their kids in whatever school is fine, because government has no business to run our lives.

    If you believe in the free market, and simultaneoulsy believe in a safety net -- which is a wholly reasonable and humane position to have -- you should demand that the government handouts be in the form of cash. Sure, sometimes, it will be used to buy dope, but most of the time, people will use it in ways which are good for them. And it will not cause stupid market distortions and serve as a handout to the financial industry.

    Also if you think that people get stuck in wellfare because of wellfare, let me just point out to you that countries whith more generous wellfare are also much better at getting people out of it. This is because to educate yourself, search effectively for a job or land a job, you must have the time and ressources. Minimal wellfare is indeed a trap which barely prevents people from dying of hunger, but to get people out of poverty, you need to invest in them, and this means much larger handouts.

  26. Re:Good! by microbox · · Score: 4, Informative

    Interesting attempt to paint the "rightmost elements" of government as being responsible for our dysfunctional government.

    A 30-year senior GOP insider said explicitly that the agreed strategy to destroy government, and then blame the other guy.

    I suggest, instead, that the primary problem with our government, and our economy, is the Federal Reserve.

    Ah, I see we're dealing with a crank. Well no-one expects a true believer to give due diligence to counter-arguments, but for those reading... both provided links are pithy, and highlight just how screwed up our situation really is.

    --

    Like all pain, suffering is a signal that something isn't right
  27. Re:Global Warming "Research" by ultranova · · Score: 2

    funny, of course the norm for humans isn't leaders elected by votes.

    Sure it is, and even dictatorships acknowledge this. What is a cult of personality or state propaganda but an attempt to persuade people to vote for the current leader and system, either formally or with their feet? What is brutal oppression other than an attempt to secure votes through intimidation?

    You can't rule without the consent of the ruled, and a formal voting mechanism is simply a means of establishing who has it in a public and unambiguous way.

    --

    Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  28. Re:Tax revenue increased from $600B to $1T by garyisabusyguy · · Score: 3, Informative

    Actually, Reagan initially cut taxes and then (unlike the teapartiests of today) realized that he would have to raise taxes, which he did

    Reagan also (like the op said) increased military spending dramatically and cut social programs, effectively diverting the tax revenues from the poor to the wealthy

    Bush 2 played the game much harder and kept tax cuts in place while riding the national debt to new heights. As far as military spending went, they kept the mounting war debt off the books, which magically made Obama responsible for it when he brought that debt back on the books

    It IS all the childish games that the gop has decided to play on Americans that have put us in this position and no amount of o'really bloviating or hannity shouting down the truth will change that

    --
    Wherever You Go, There You Are
  29. Re:Particle Physics by sylvandb · · Score: 2

    Theorists who did thought experiments. Now, how about a particle physicist that needs a multibillion dollar collider that may discover something that has absolutely no economic value - at least in the near term?

    You believe then, that since you are unable to conceive of its value and articulate that vision sufficient to convince people (the rich and the corporations) to fund it, that instead you should use guns to force them to pay for it?

  30. Re:Tax revenue increased from $600B to $1T by garyisabusyguy · · Score: 2

    Yes, what I meant is that when faced with increasing deficits due to his tax cuts and military spending, unlike Reagan, he refused to push his party towards accepting tax increases

    Reagan was a moderate compared to the current gopers and their quest to find the next Reagan will fail because their would reject the real Reagan as a rino

    And yes, the middle class will bear the brunt of this and considering the reliance on sales taxes, the poor will pay more towards this debt as well

    What needs to be said is, no I do not hate the wealthy, but yes I feel that they need to pay more in taxes, considering that they have done so well in the economic environment that this country created for them

    And, if they decide to leave this country in droves, then they can enjoy higher taxes in Europe, political corruption in Asia or the costs of paying for their own police force and infrastructure anywhere else

    --
    Wherever You Go, There You Are
  31. Re:Good! by bzipitidoo · · Score: 2, Informative

    No, Social Security is a bad example. It is actually not subsidized. It does not do much wealth redistribution. Yes there is some from rich to poor, but mostly it moves wealth from your present self to your future self. Since the money that it puts aside for the future is a huge amount, the government borrows it, paying some interest. It's a much safer deal for Social Security than all these schemes to privatize it by putting those savings into the stock markets.

    If Social Security money is ever placed in the stock markets, we will see the biggest yet pump and dump scam in history. The last few times that calls to privatize Social Security grew loud were just before stock market crashes. We've all heard their noises. They whip up studies that claim Social Security is not solvent and will go bankrupt, and we must do something like cut benefits and lower payments, or raise the retirement age, or ... privatize it! They call it an "entitlement", when it really is not, as it is fully funded from payroll taxes. They try to exploit the perception that government can't be trusted to do anything right and that the money could be better used in the markets. And that would be true, except that these market manipulators are even less worthy of trust than the government. The finance people weren't interested in helping retirees, they were scheming to save their own necks from their reckless gambling by raiding any source of cash they could find, and public pensions and retirement funds had a lot of cash. It would have kept them bubbling for another few years, that's all. Then the market would crash anyway, and where would all of Social Security's money be then?

    Billionaires really have a poor track record on philanthropic investing. They simply cannot use the money as effectively as a swarm intelligence. Warren Buffett jumped on Bill Gates' bandwagon because he realized he couldn't donate effectively on his own, and thought a smart tech guy like Gates could do a better job. He was half right. We see that Gates is struggling to make his donations mean something. Finding cures for terrible diseases is certainly noble, especially if they pull it off. But can they? History suggests not. They're trying for too much and going for the glamorous rather than the practical. In the past, we've seen such white elephants as the Bass Brother's Biosphere 2, and largely useless stunts and entries for the Guinness Book of World Records like balloon flights around the world and skydiving from great heights. It's a lot like the desire to put a man on Mars. Very impressive if it can be done, but at what cost? Is it worth it? Look back at some of the things envisioned in the 19th century, a sort of steampunk colored view. And one of the big dreams of the mid 20th century was the flying car. How much effort was wasted trying to turn that idea into reality? Similarly, there was and still is the jetpack. The savvier, smarter billionaires invested in people, like the railroad tycoon Stanford did in the creation of Stanford U.

    Now it seems likely we will see self driving cars and electric cars before flying cars. We will have flying cars, just as soon as our devices can approach birds' or insects' mental abilities to handle flight, and our materials improve even further on the strength to weight ratio, and we figure better ways to store and release energy.

    --
    Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
  32. Re:Good! by david_thornley · · Score: 2

    The free market does many things very well. It ignores externalities. It ignores morality.

    In a limited sense, it is great at optimizing resource use. In other senses, it is terrible, often leading to great concentrations of wealth at the expense of others.

    In a limited sense, it is great at making investments. In practice, the investments tend to go for short-term individual gain, and can easily be a net loss to total wealth because of externalities. We're all going to be better off investing in basic research, but that doesn't reward the specific investors nearly as much as it rewards everybody, and so no individual will find it in his or her financial interest to underwrite it.

    The free market does a great job of satisfying people's desires given a certain resource limit, but overconcentration of wealth results in a few people getting most of their economic desires, and the masses getting much less. Given that individual wealth, like pretty much everything else, obeys the law of diminishing returns, spreading out the wealth increases total welfare.

    --
    "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes