Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.”
X’s current owner Elon Musk quickly replied, “I agree.”
Research is supposed to be publicly funded
Research is supposed to be public benefiting. Private funding just is bad at it.
Okay so at what point does it get handed off to private industry unless the government is just in business with manufacturers in a much more direct way than it is now? We’d need a completely different economic system for all research to be publicly funded. Consider this- often the way it works now is that a government funded researcher discovers a new molecule that could be useful. Then, private companies figure out how to make it industrially and run trials in pilot plants and design the plant to make it at scale. Should the government be doing all of that? This is extremely expensive, and I don’t know how you’d try to prioritize resources in the current economic system.
On the contrary, this is pretty close to what we have right now. Companies don’t like to spend much on R&D once they’re out of the startup phase. A good chunk of that startup phase R&D was actually taking place at a university with public funds. This is especially true of pharmaceuticals. So the answer to the question of “when does it get handed off to private industry?” is to just look at what’s happening already.
The exception is big monopolies. AT&T’s Bell Labs is a legendary R&D department. IBM, Microsoft, and Google all likewise have significant pure R&D going on, and even engineers who don’t like those companies salivate at the opportunity to work in that capacity for them.
But then you’ve got big monopolies on your hands, and that’s a whole other problem.