[johnsmith1840]

I am saying it's one of many examples of which I personally experienced and those I know have also experienced.

And yes it should and does. If an industry does not provide value it naturally fails because it doesn't make money. Academia has no profit by design and now gets to face its own form of regulation for disfunction.

There is no way to even attempt to fix our science base without first cutting much of it. How are we supposed to fix a system while not applying consequences to it? Every US institution is rotting from inside out demanding more money while providing less. The most effective way to begin the process for any of these is to cut money and sort out real value.

This is like US public transport argument. Should we just forever fund disfunctional systems because we are scared of trying to fix them? Our public transport is beyond disfunctional compared to basically any other country on earth.

Since the market cannot correct these systems as what makes industry so effective then you must artificially apply equivalent market forces.