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Most of the opinions you hear online about the importance of funding science come from science fanatics who don't have any idea how the sausage is made, and are not themselves scientifically minded. It's part of their self constructed identity as a "smart person" who "believes in evidence".

Press your face against the glass, and it's much more complicated. The institutions that we have made for funding science don't reliably channel money towards the best ideas. All the experts in the field have figured out how to work the system well enough to build lives for themselves, and this leads to the tautology that "experts" support the status quo. We don't consider someone an expert if they aren't thriving in the current institutions.

Anytime someone mentions new institutions e.g. prediction markets that might better allocate funding, or even enrich the best scientists, there is a visceral backlash.



Every scientist I've talked to about my pie-in-the-sky funding mechanism - getting past a "top 50%" triage and then a lottery has met said idea with "Yeah, that would probably work. better."

I'd also suggest that lower scientific funding levels exacerbate the problems with the current system - risky research is less likely to be funded, as are new investigators, etc. Large, established labs are also better able to weather the storm.




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