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MindsFiction's profile
Justin
Justin
Justin
@MindsFiction

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Justin

@MindsFiction

Joined September 2014

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    1. Justin‏ @MindsFiction Mar 9

      Government funded science has no impact on economic growth according to the OECD. https://www.forbes.com/sites/timworstall/2015/10/24/why-we-can-stop-government-funding-of-science-it-doesnt-create-much-innovation/amp/ …pic.twitter.com/jbftaupb4a

      2 replies 7 retweets 10 likes
    2. tpi4343‏ @tpi4343 Mar 9
      Replying to @MindsFiction

      Cherry picked data. What the report actually said.. Evidence shows a strong link between research and development (R&D) and growth. Business-sector R&D has the most direct influence on growth, largely because it is often research with an immediate objective to improve

      1 reply 0 retweets 0 likes
    3. tpi4343‏ @tpi4343 Mar 9
      Replying to @tpi4343 @MindsFiction

      productivity. OECD evidence shows that increases in business-sector R&D between the 1980s and 1990s boosted output per capita by over 1 per cent (Table 1). Public sector research understandably has a more complex relationship with growth as it is less focussed on commercial

      1 reply 0 retweets 0 likes
    4. tpi4343‏ @tpi4343 Mar 9
      Replying to @tpi4343 @MindsFiction

      applications but is nevertheless often the generator of important basic knowledge and often works in tandem with commercial enterprise. Indeed, much of R&D policy now focuses on improving the link between the public and private sector research.

      1 reply 0 retweets 0 likes
    5. tpi4343‏ @tpi4343 Mar 9
      Replying to @tpi4343 @MindsFiction

      https://www.oecd.org/eco/growth/2505752.pdf … Naturally public funded R&D is less likely to contribute to Economic growth as they are less focused on selling product in the moment. Also most ideas are given away after being publicly funded.

      1 reply 0 retweets 0 likes
    6. tpi4343‏ @tpi4343 Mar 9
      Replying to @tpi4343 @MindsFiction

      Furthermore, do we count every dollar of economic growth on the internet to DARPA funding the protocol. If so, it’s not even an argument to be had

      1 reply 0 retweets 0 likes
    7. Justin‏ @MindsFiction Mar 9
      Replying to @tpi4343

      We didn't need DARPA to figure out data could be pushed over telephone lines. Private sector funding has a measurable impact, while government has none. So to claim there's some immeasurable benefit seems to be entering the realm of religious dogma.

      1 reply 0 retweets 1 like
      Justin‏ @MindsFiction Mar 9

      If anything some of the "research" seems to be doing damage as can be seen with the obesity and health epidemic.

      5:09 PM - 9 Mar 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. tpi4343‏ @tpi4343 Mar 10
          Replying to @MindsFiction

          It’s not immeasurable. It’s just not economic growth since the goal in the funding is not economic growth. It’s easy to say from our perspective now we didn’t need DARPA to fund that but hindsight is 20/20 & no one else beat them to it.

          1 reply 0 retweets 0 likes
        3. tpi4343‏ @tpi4343 Mar 10
          Replying to @tpi4343 @MindsFiction

          Consider any number of military advancements that became useful to the economy. GPS, Nylon, Penecillin, jet powered air travel, etc.

          1 reply 0 retweets 1 like
        4. tpi4343‏ @tpi4343 Mar 10
          Replying to @tpi4343 @MindsFiction

          It’s not even unmeasurable (to the point of religiosity) it’s simply that the report overlooks it & self-admits that if you read the report, rather than the Forbes article which is in the business of getting clicks

          0 replies 0 retweets 0 likes
        5. End of conversation

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