Re:World Now Likely to Hit Watershed 1.5 °C Rise in Next 5 Y...
by 908B64B197 on Friday May 28, 2021 @02:37PM
(#27318971)
> Medical technology would be better and cheaper
That's the first sector where research will grind to a halt. It's extremely costly to bring something to the finish line due to regulations. Think drug research where testing and clinical trials take years. But once the molecule has been synthesized, it's trivial to do so at scale. So what smarter players will do is simply wait for someone to spend years on R&D then copy at the finish line and flood the market.
> We can recognize what those areas are and provide government funding for investment, like in health care
So bureaucrats will have even more say in who/what project gets funding. See how wonderful that has been for the EU tech sector.
That's the first sector where research will grind to a halt. It's extremely costly to bring something to the finish line due to regulations. Think drug research where testing and clinical trials take years. But once the molecule has been synthesized, it's trivial to do so at scale. So what smarter players will do is simply wait for someone to spend years on R&D then copy at the finish line and flood the market.
> We can recognize what those areas are and provide government funding for investment, like in health care
So bureaucrats will have even more say in who/what project gets funding. See how wonderful that has been for the EU tech sector.