Pointing the Way
Why government MUST invest in fundamental research
Basic research is not a place where “the market” tends to show interest.
Problem number one is that it typically takes 20-30 years – in best case scenario to see “returns” on fundamental discoveries. Often discoveries pave the way to other discoveries, and so forth, which eventually trickle down to technological applications – often unintended or unforeseen.
Find me a company that is willing to invest in a project with no hope of return for 20-30 years and I have a bridge in Alaska I want to sell you.
Ballistic and Nonballistic Trajectory: Career Path »
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Comment from Uncle Al
Time: September 28, 2008, 2:03 pm
http://www.mazepath.com/uncleal/macro.htm
We never needed transisitors. The final demise of Bell Labs proves it.