Billionaires With Big Ideas Are Privatizing American Science

Saturday, March 15, 2014

Bloomberg Philanthropies and Simons Foundation profiled in New York Times article on billionaires privatizing American science research.

Last April, President Obama assembled some of the nation’s most august scientific dignitaries in the East Room of the White House. Joking that his grades in physics made him a dubious candidate for “scientist in chief,” he spoke of using technological innovation “to grow our economy” and unveiled “the next great American project”: a $100 million initiative to probe the mysteries of the human brain.

Along the way, he invoked the government’s leading role in a history of scientific glories, from putting a man on the moon to creating the Internet. The Brain initiative, as he described it, would be a continuation of that grand tradition, an ambitious rebuttal to deep cuts in federal financing for scientific research….