In today’s world, private companies rather than the government pay for and conduct most scientific research. Do you think the advantages outweigh the disadvantages?
Similar ESSAY #432 FROM OUR BOOK
Many people believe that scientific research should be carried out and controlled by the governments rather than private companies. To what extent do you agree or disagree with this opinion?
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Why research into critical areas should be funded by the government (Publicly funded)
- Private companies focus on making money even if it goes against the public interest. Many drug manufacturers have been caught creating artificial medicine shortages even at the cost of public health to earn a premium.
- Research into defence and atomic energy should be done by the government as these areas are pivotal to a country’s security.
- Private companies may neglect areas that are not lucrative. For example, research on Ebola was neglected for a very long time because it is a third world disease.
Why some research should be done by private companies
- Private companies do research more efficiently because they are profit driven. Every dollar is spent wisely to ensure maximum benefits and every resource is used effectively to avoid waste.
- Government has so many priorities like healthcare, education, and so on. Thus, it is financially constrained. Barring private companies from research would slow down innovation and ultimately progress.
