And that's Eru (and perhaps you) here. Pubic science continues to make fantastic moves forward, with one notable example being nearly ALL the meaningful research and engineering moving us towards nuclear fusion being based on public research. Historically, major contributors to research almost universally had significant government funding.
It's true that we can gesture to AI research recently as a fruitful place for private research, but even orgs like Deepmind took government grants. Deepmind's publicly called for governments to fund AI research, as have many other (private) researchers.
In any event, taking tax money and giving it back to the betterment of society as a whole is one of the most uniformly good things that could be done with tax dollars. Science consistently betters society as a whole, and it's almost impossible to identify in advance what theoretical or practical breakthroughs in any given field are about to become significant.
> In any event, taking tax money and giving it back to the betterment of society as a whole is one of the most uniformly good things that could be done with tax dollars.
Have you considered taxing less in the first place? So that there's more money for eg private research?
> Deepmind's publicly called for governments to fund AI research, as have many other (private) researchers.
Company in sector X calling for more government spending on sector X seems hardly like news?
You're either wrong or lying about the idea that famous mathematical discoveries have not been financed by governments historically.
You're either wrong or lying about the idea that this is, at scale, lottery ticket mentality. The modern scientific apparatus has flaws, but despite those it's a marvel of modern distributed resource allocation and cooperation rarely rivaled in human culture.
> Have you considered taxing less in the first place? So that there's more money for eg private research?
Sure, but this wouldn't obviously lead to outcomes for the public good. Even if we handwaved away IP and secrecy expectations in your scenario (is the abolishment of IP in your calculus? If not your task is even harder), there are obvious challenges you'd need to overcome:
1. How will non-experts vet the meaning or potential of research to select allocation? How will they even learn the option space to choose from? This is an incredible knowledge burden on the market that has profound implications on what can be researched. I see very little evidence that the public at large can do this, and I ask for an existence proof.
2. Even if you can get past #1, what then keeps outcomes aligned with the public interest? This is the same general objection most people have to Hayek's "the noble purpose of the rich is to have their tastes direct society" idea: the outcomes are mostly around consolidating power.
More broadly, everyone accepts this pooled resource methodology is superior. Even many anarchists[1] don't oppose collectivist resource pooling and management so long as it's voluntary and done in ways tha minimizes hierarchical extent and implications
What you're suggesting is that wealth redistribution is somehow morally wrong for the wealthy, but many of the wealthiest people are wealthy in appreciable part because of the way their endeavors have interacted with redistributive endeavors. Musk and Thiel, as living examples, both have benefitted enormously from redistribution. So why was it good for them, but now it's bad? Why isn't having an explicit force to counter economic attraction bad, given that we can provide and measure its existence?
American science supremacy is not a thing I'm interested in defending. However, it's undeniable that America's redistributive methodology has lead it to be the science capital of the world for generations, and Americans have definitely benefitted from this status more than the infinitesimal sum of money committed relative to their budget. What value are you offering in return? It seems like a "trust me" story at a time when we see not just an attack on science funding but an attack on the idea of a consensus reality contradicting corporate profit motives (e.g., Climate change, RFKs attack on medicine).
I don't know how you get around these objections. I don't even know where you go to find an example of all this working in a purely private methodology that's not counterfactual. It seems like a lot of moral grandstanding and "trust me bro" from out here. You should make these arguments somewhere we can find them if you want us to believe the conclusions.
> Company in sector X calling for more government spending on sector X seems hardly like news?
Indeed! You're the one trying to paint it as bad, misguided, incorrect, or immoral? Even private companies benefit from public research grants. Whatever the pejorative you want to attach, the burden is on you to suggest something better.
[1] Please note we're using the historical definition here in the tradition of Goldman, Bakunin, Malatesta, Chomsky and Carson, etc.