“Billionaires with big ideas are privatizing American science."
“American science, long a source of national power and pride, is increasingly becoming a private enterprise.
“In Washington, budget cuts have left the nation’s research complex reeling. Labs are closing. Scientists are being laid off. Projects are being put on the shelf, especially in the risky, freewheeling realm of basic research. Yet from Silicon Valley to Wall Street, science philanthropy is hot, as many of the richest Americans seek to reinvent themselves as patrons of social progress through science research.
“The result is a new calculus of influence and priorities that the scientific community views with a mix of gratitude and trepidation.”
“With great skill, it used the money to establish partnerships across industry and academia, smashing through the walls that typically form around research teams. By early 2012, the financial surge produced the first treatment for an underlying cause of cystic fibrosis.”