jshore: I think you’d be surprised by how much research is being funded. In 2002, Microsoft’s R&D budget was 5.3 BILLION dollars. That is more than NASA’s entire space science budget, and almost a third of NASA’s entire budget.
Intel spends about 4 billion a year in research. Texas Instruments spends 1.7 billion. Lucent spent over 9 billlion on R&D between 1996 and 1998.
In fact, overall private research spending has INCREASED since the 1970’s. Back then, it made up about half of all R&D spending, with government and academia madking up the other half. Today, private research makes up about 75%.
And much of this is ‘basic’ research, and the amount of ‘basic’ research being done by private companies is increasing because commercial applications from things like genetics, nanotech, semiconductors, and space science and becoming increasingly closer to fundamental limits, requiring basic research to move the competitive envelope. Companies like 3M, DuPont, pfizer, Dow chemical, and Merck do a ton of basic research.
Even Microsoft does long-term basic research in computing science. Have a look around the Microsoft Research web site and you’ll see lots of stuff that has no commercial application in the near future. For example, Microsoft Research has office at [url=http://www.bbc.co.uk/cambridgeshire/science/2003/12/microsoft.shtml]Cambridge.
And that 75% figure is even higher if you consider how much academic research is actually done by grants from corporations and private foundations. I paid for part of my college education with a bursary from Motorola.
John: Well, here we get into an area that’s really a matter of personal opinion. My belief is that there is nothing more important we can do than expand the boundaries of human knowledge. Even things like health care and welfare just make us more comfortable while we are alive, but to me, just existing isn’t enough. We need to explore, to push our boundaries, to contribute to the base of human knowledge.
If I had my druthers, I would quintuple the budget of NASA, which would still make it barely more expensive than the Department of Education, which I don’t think has returned ANY value to society at all. I would put the Terrestrial Planet Finder program on the fast track, and start spending serious money on a large array of space interferometry telescopes.
For near earth orbit operations, I’d move it entirely into the private sector, with government funding if necessary, preferably in the form of prizes.