The Public Pays to Produce Research. Shareholders Collect the Return

pestatije

not just shareholders, rival nations too

skybrian

How would this study’s methodology account for the public benefit from a new vaccine? Edit: according to ChatGPT, it doesn’t: > the analysis considers resources such as research funding, scientists' labor, data collection, analysis, and manuscript preparation. It does not assign an economic value to lives saved, illness prevented, or economic activity preserved by a vaccine

hnburnsy

Shareholders = Public

lotsofpulp

Research <> expensive human trials to obtain FDA approval. Voters and legislators are the only ones stopping government employees from doing the necessary human trials.

specialist

Governments (the investing public) should be paid royalties.

PeterStuer

Btw. You'd be surprised how many academics favor the good old publisher system over open access. The exorbitant library fees were always from the general budget. The open access publishing fees get charged to the labs publishing. And yes, often 1 layer down it is all the same government subsidies payed by your tax dollar. But the last layer just sees my dollar vs not my dollar.

gruez

That's... exactly how public services should work? "The public pays to build roads. General Motors, ExxonMobil, and Amazon (delivery vans) collect the returns" "The public pays for public schools. Shareholders (of any company that doesn't solely rely on menial labor) collect the returns"

sharts

socializing risk and privatizing profit