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#107 Matt Ridley: Infinite Innovation
The Knowledge Project with Shane Parrish
Is There a Reward for Inventing a Vaccine?
The wrong people end up getting the grants and subsidies cause they are very well politically connected. I think the way to solve that problem is to dangle a prize in front of ant brenes and say, if you invent solution to this problem,. The reward needn't bea cash lump sum a. It could be an advance market commitment. And essentially, we've done somethin similar with vaccines in this epidemic. That has worked to produce a huge race among different companies. So i think the prize approaches is to be explored in the future as a way of incentivising innovation.
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