Re:Google Life Sciences Exodus
by ThomPete on Monday March 28, 2016 @11:40AM
(#11374888)
Out of At&T Bell Labs AT&T was a regulated monopoly for a long time.
The point is not that government is better at innovating than private organizations it's that they are better suited for actual research in things that doesn't have a market yet.
Private companies on the other hand are much better at taking knowledge which can be applied to the market to then run with it. But up until that point I think it's fair to say that we would want to sponsor research into basic science for the good of the whole society.
Most major discoveries are accidents, it's those accidents which leads to market application.
Instead history shows us that you can't find something by looking for it. I.e. the most important research we have done haven't had a market to begin with but rather have let the pursue of knowledge be the primary motivator.
The point is not that government is better at innovating than private organizations it's that they are better suited for actual research in things that doesn't have a market yet.
Private companies on the other hand are much better at taking knowledge which can be applied to the market to then run with it. But up until that point I think it's fair to say that we would want to sponsor research into basic science for the good of the whole society.
Most major discoveries are accidents, it's those accidents which leads to market application.
Instead history shows us that you can't find something by looking for it. I.e. the most important research we have done haven't had a market to begin with but rather have let the pursue of knowledge be the primary motivator.