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It’s ironic that Atlas begins by quoting Milton Friedman when the whole article fails to grapple with the market failures created by fundamental research—which is both a Samuelson public good and an information good (eg Arrow). papers.ssrn.com/sol3/papers....
The reason the US has such a powerful science and innovation ecosystem is simple: decades of public investment (via largely independent agencies, including NIH and NSF). Basic science builds future cures over a timeline too long for the private sector. /3 www.infotimes.us/basic-scienc...
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There is no way for the private sector to replace public investment in science. youtu.be/A47gXLNc7vQ?...
now he’s writing an anti-society pro-privatization article in the conservative Bezos Post. This book describes how far-right billionaires have pushed to harm democracy using “stealth politics” - lifting up junk ideas via thinktanks and rightwing media. press.uchicago.edu/ucp/books/bo...