Multi-billionaire Mark Zuckerberg says that while it can be “unreasonable” how much wealth individuals can amass, it also “may be optimal” for society at large if the alternative is governments controlling all of the wealth. (via CNBCMakeIt)
to more than 300,000 researchers at more than 2,500 universities, medical schools and other research institutions all around the world.
As a governmental agency, the NIH has to distribute grant money widely and carefully. But private money can be invested in large sums and on risky bets, says Zuckerberg. "Part of what makes progress happen is people taking different approaches to different things. And I think that the NIH is generally funding a lot of great work … but I also think it is pretty good that there are other people out there who are trying different approaches, who are willing to fund things and maybe take a bet," he says. "I think you want a mix of public and private [funding] on all of this.
Were all funding for large projects distributed through the government, that would "deprive the market and world" of a variety of ways to tackle problems, Zuckerberg said. "I think you can think at the same time both that it is unfair that any individual might have that much wealth, yet still think it is better for everyone that there is certain choices and competition of the ideas that get to get pushed out there," Zuckerberg said.Famous French economist Thomas Piketty, for example,
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