That would probably be even worse. At least an institutional layer (poorly) insulates a scientist from the whims of their patron.
It also *might* be worth noting that Epstein had several foundations, and AFAICT did not directly hand anyone cash for science.
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Correct, but he handpicked the people his foundations gave money too, and, if you trust Steven Pinker's account, the moment people called him out on his behaviour or his stupidity, he would "vote them off the island". I obviously don't think most ultra rich are like Epstein, but
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I genuinely think that having scholars depend on the personal and unmediated favour of the ultra rich (even super smart and generous ones) would have all sorts of negative consequences.
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