No. of Recommendations: 52
There is a role for government but historically NIH research has yielded far less than privately funded drug development. We spend many billions on government research, even a very inefficient research process will yield something once in a while

Big government is not the answer for economic progress. Never has been, never will be. The USSR failed, check it out.

This is just misinformed. Private industry tends to fund final end development efforts while government tends to fund high risk research.

If you examine how scientific knowledge moves from research to high volume production, you find that initial proof of scientific concept typically is high risk, long term research. Probability of the work to pay off is low, but if it does pay off, it could be very valuable. That value, however, is very tough for a single company to control. The value is to humanity. As the knowledge moves from initial scientific proof of concept to an understanding of optimized performance, the risk is lower and the amount of time to get there much less than pure research. Eventually, the knowledge is focused on optimizing efficient manufacturing which is very low risk, high pay-off. If government is not paying for the pure research at the front-end of this process, virtually nothing would be funded by industry other than manufacturing efficiency.

Virtually all major developments in technology and pharmacology can be traced back to initial funding of pure research by government.
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