Scientific research is necessary for the development of human. Some people believe that it should be conducted and monitored by the governments instead of private organizations. This essay disagrees with the claim for two main reasons: governments lack manpower to carry out various types of scientific research and governments are not financially capable of investing equal amounts of resources in each single matter either.
Governments that want to do and control scientific research themselves must acquire a large enough number of qualified scientists to carry out researches on tons of different topics, which is unrealistic and impossible. Meanwhile, at other private companies, scientists are hired to only focus on researching and making new discoveries about certain matters. For instance, Novo Nordisk from Switzerland is a private scientific company that concentrates on diabetes type 2 and haemophilia research, and has successfully helped treat more than 20 million patients around the world, which shows the pivotal role of private institutions in scientific research.
On top of that, scientific research is costly and longitudinal, thus, requires huge investments; governments are unable to finance all scientific research projects because there are many more matters they have to deal with. A new drug development may take up to 30 years and millions of dollars while governments have limited resources, mainly derived from national taxes for different purposes: education, health care, infrastructure etc. In contrast, private institutions can raise funds for a particular matter more easily with private investors and stock holders. For example, Oxford Vacmedix was able to close a 12-million series A funding solely for cancer vaccine research. Substantial funding for such a specific matter cannot be obtained from governments.
It is, in the end, reasonable to conclude that governments should not have the total execution and control of scientific research and private firms’ participation is necessary
Scientific
research
is necessary for the development of human.
Some
people
believe that it should
be conducted
and monitored by the
governments
instead
of
private
organizations. This essay disagrees with the claim for two main reasons:
governments
lack manpower to carry out various types of
scientific
research
and
governments
are not
financially
capable of investing equal amounts of resources in each single
matter
either.
Governments
that want to do and control
scientific
research
themselves
must
acquire a large
enough
number of qualified scientists to carry out
researches
on tons of
different
topics, which is unrealistic and impossible. Meanwhile, at other
private
companies
, scientists
are hired
to
only
focus on researching and making new discoveries about certain
matters
.
For instance
,
Novo
Nordisk
from Switzerland is a
private
scientific
company
that concentrates on diabetes type 2 and
haemophilia
research
, and has
successfully
helped
treat more than 20 million patients around the world, which
shows
the pivotal role of
private
institutions in
scientific
research.
On top of that
,
scientific
research
is costly and longitudinal,
thus
, requires huge investments;
governments
are unable to finance all
scientific
research
projects
because
there are
many
more
matters
they
have to
deal with. A new drug development may take up to 30 years and millions of dollars while
governments
have limited resources,
mainly
derived from national taxes for
different
purposes: education, health care, infrastructure etc.
In contrast
,
private
institutions can raise funds for a particular
matter
more
easily
with
private
investors and stock holders.
For example
, Oxford
Vacmedix
was able to close a 12-million series A funding
solely
for cancer vaccine
research
. Substantial funding for such a specific
matter
cannot
be obtained
from
governments
.
It is, in the
end
, reasonable
to conclude
that
governments
should not have the total execution and control of
scientific
research
and
private
firms’ participation is necessary