I just want to say that the idea that science should be handled by private industry isn't necessarily very realistic or reasonable. Most science takes place in public research institutions or publicly funded private corporations for a reason: private industry, especially in this day and age where profit now > potential profit later, is only really concerned with science as far as it can make them money. Venture capitalists aren't necessarily that interested in investing in things with no specific potential financial payoff, which is exactly what a lot of scientific research is.
Private industry would never have given us the space program, private industry would never have given us the internet. Ironically, private industry, and society in general, benefits greatly from the public, or public/private funding of scientific endeavors. Public universities do public research, which is then used by private industry to make money.
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