More often than not, the profit motif makes people more hesitant to try something new if you can’t be sure it works. Being free of the profit motif gives you the space to work on your own schedule and create something innovative that might or might not work
Historically the overwhelming majority of important innovations in science and technology were done with public money in academia, military or government-sponsored industry programs. All most corporations usually did with their own money is productionize them and make incremental improvements.
The only reason that’s slowly changing now is because such an insane amount of money is leaving universities and being accumulated by a small number of trillion-dollar multinationals, which isn’t good either.
More often than not, the profit motif makes people more hesitant to try something new if you can’t be sure it works. Being free of the profit motif gives you the space to work on your own schedule and create something innovative that might or might not work
Historically the overwhelming majority of important innovations in science and technology were done with public money in academia, military or government-sponsored industry programs. All most corporations usually did with their own money is productionize them and make incremental improvements.
The only reason that’s slowly changing now is because such an insane amount of money is leaving universities and being accumulated by a small number of trillion-dollar multinationals, which isn’t good either.