Shooting for the moon
Saturday, March 7th, 2009 | This post was written by Fiona MelvilleOn Monday, President Obama is going to sign into law permission for federal funding to go to stem cell research. Virtually no federal funds have been allowed to be spent on stem cell research since 2001 when George Bush banned it and twice vetoed attempts to overturn the ban.
Admittedly, private research funds have always been permitted but examples such as the experience of JFK and his declaration that by the end of the 1960s there would be a man on the moon and the (ok, ok, fictional) experience of President Bartlett in the West Wing when he discusses cancer funding with his wife’s colleagues demonstrate the necessity for focus and effort, and for serious public money to be spent on things we consider to be public ‘goods’.
I don’t want to get into the rights and wrongs of stem cell research here (happy to another time though). What I do want to say is this: this is another example of governments being able to act where individuals cannot.
There is an argument to be had about how to oversee and award public money. Creating quangos all over the place probably isn’t the right way to do it – the example of NICE and their ridiculous approval process tells us that. There needs to be a way to reliably assess what has a chance of success – I can’t think of many governments that would be able to do that (see how difficult it’s been for IT projects…). There needs to be an acceptance that lots of the research isn’t going to succeed – think of the claims made for AIDS vaccines in the mid-1980s, and today’s complete lack of anything remotely likely to work.
But overall, I believe that these big public works projects can and must be funded by the people who it will benefit – us. And if private companies fund and develop something themselves that is hugely beneficial and is in demand, good luck to them and their profits.
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