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06/22/2009

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Wow. that was a remarkable little piece of video. Thanks, Georg.

I'm going to have to get that book.

Governments do not invest in scientific research to drive out private funding. Rather, governments invest in areas of research that private funding hesitates to invest in. In the United States, government funding has been a catalyst for private funding of research. In California, for example, state funds for stem cell research administered by CIRM were matched nearly four times by private, venture-capital investment.

Basic research is an investment that governments must continue to support. In a time of recession, research funding has the ability to create jobs and the entrepreneurial infrastructure necessary to rebuild the economy.

Governments do not invest in scientific research to drive out private funding. Rather, governments invest in areas of research that private funding hesitates to invest in. In the United States, government funding has been a catalyst for private funding of research. In California, for example, state funds for stem cell research administered by CIRM were matched nearly four times by private, venture-capital investment.

Basic research is an investment that governments must continue to support. In a time of recession, research funding has the ability to create jobs and the entrepreneurial infrastructure necessary to rebuild the economy.

Matt, it seems to me that you are repeating some of the arguments that Kealey endeavoures to refute. What you are suggesting gives the impression of being rather apodictic.

Do you have any doubts at all concerning your statements or testable evidence to buttress your conviction?

There are a lot of measures that have "the ability to create jobs," but are they likely to achive and enhance productivity? Government has little incentive - and even more - ability to attain that goal. Therefore, how government "research funding" has "the ability" to create "the entrapreneurial infrastructure necessary to rebuild the economy" is hard for me to see. Not only because government will prefer research of a politically correct nature, research likely to reinforce the bias toward the need of central direction and a bias toward the trendy issues promising to capture public gullibity and thus votes, but also because an effective "entrapreneurial infrastructure" will uncover how little we need government of the kind known to us.

Science is too important for government to let it happen freely.

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