I couldn?t agree more that the dynamics of the ecosystem of innovation matter. I think that ecosystem is in many ways dysfunctional at present. But I worry that attempts to increase the benefits society gets will end up making things worse rather than better. At a certain level, the prescription is simple: Find the smartest people you can and get them to do good work that is, in a meaningful sense, relevant. But I don't know that there's a policy prescription that gets you there.?Efforts to do so, like Collins? translation institute, trip over themselves ideologically, to ?avoid taking on any projects of immediate commercial interest.? Commercial interest and public interest, basic and applied science, are all mixed together. In today?s political climate, the contortions that the government must help private industry, but never compete with it, end up verging on the nonsensical. Will good work come out of Collins? translational institute? Surely it will. But does the basic premise make much sense? Not to me.
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