[watersb]

Even with perfect information regarding R&D outcomes, capitalism is competitive.

Capitalism is duplication of effort.

I've never been particularly convinced by the crusade to eliminate alternatives to capitalism in the name of eliminating a society's wasteful behavior.

[onetimeusename]

Because I criticized academia does not mean I support political types ripping up funding nor scrapping it altogether. My thought is that academia has had a reckoning coming for some time because their practices are not sustainable. It relies on a huge number of foreign grad students to prop itself up, it's costs have become very expensive for Americans. There's a number of credible arguments to be made. The nicest way I could put it is that the impact of a lot of work that academics do is not that high. But it's prestigious being a professor and there are high incentives to keep publishing for some, gaming citations with mediocre results is perhaps a path to tenure.

At some point this was not going to continue to sustain itself, something would give. Now, I think it's unfortunate that it became political. That means that my criticisms will be viewed through partisan lenses. I am not a fan of political types deciding what to fund. But I also think academia can be full of itself and this shield they can hide behind of "just doing pure science" is baloney. Some are. Definitely not everyone. So I personally think there should be a reduction in the number of PhDs granted and the overall size of academia but that is not in favor of getting rid of it or the way it's being done presently.