With the so-called fiscal financial cliff facing the United States government after December 31st, there are likely to be those in the public calling for cuts in “non-productive” federal spending, and one of the perennial candidates is federal spending on basic research in any number of fields, particularly in areas such as solar power and expensive physics research. Some advocates of such cuts claim that the private sector, and in particular, the corporate world, can take up the slack, and some cite the failures in federal research choices, such as Solyndra, the solar power company that received a $535-million federal loan guarantee as part of the $787 billion economic stimulus package… and then went bankrupt.
In point of fact, there is a real distinction between basic scientific research and the follow-on development of a new scientific breakthrough into a practical product. While the private sector can develop new products far more effectively than government can, the private sector is seldom willing to undertake the basic research necessary to make the breakthroughs from which such developments can be made… and the reason is simple. The vast majority of basic research fails to make such a breakthrough. Estimates of the failure rate range from 80% to 99.99%.
What is also overlooked is that negative results of research are positive. They show approaches that will not work and often point the way to those that will.
Thomas Edison tried over 1,000 different substances before he was able to find one that would serve as the filament for a light bulb… and some sources claim it was closer to ten thousand. Edison is quoted as saying, “I have not failed. I’ve just found 10,000 ways that won’t work.” Octave Chanute, the forgotten mentor of the Wright Brothers, listed hundreds of failed attempts to developed powered flying machines, as well as almost 60 detailed illustrations of different major serious attempts that failed before the Wright Brothers flew. More recently, Bill Gates pointed out that funding basic research naturally has a high failure rate, and that more than 90% of the Energy Department’s Advanced Research Projects Agency’s projects will likely fail. Gates went on to note that the U.S. government’s investment in energy research was woefully underfunded and called for a government investment of $16 billion per year into basic research to deliver energy innovation.
Even the one of the most profitable areas in return on research – the pharmaceutical industry – has staggering costs. According to Francis Collins, the Director of the National Institutes of Health, “The average length of time from target discovery to approval of a new drug currently averages about 13 years, the failure rate exceeds 95 percent, and the cost per successful drug exceeds $1 billion, after adjusting for all of the failures.”
The truth of the matter is that, first, the future economic health and physical well-being of the United States depend on continued extensive scientific research, research that a private sector dependent on short-term profitability largely cannot and will not make, and that, if government does not fund such research [and the education of those who will make the such breakthroughs, from whatever part of the globe they come from to be educated in the United States], scientific breakthroughs will be made in countries whose governments do fund that research… or not made at all.
Yet too many penny-wise and pound foolish politicians fail to see the difference between basic research and the subsequent development and exploitation.