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Originally Posted by Canada 02
I'd estimate 95%+ of all independent medical research (university or medical institutes) is funded by public money (it's probably 99% in Canada).
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From wikipedia, so consider the source.
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Government funding for medical research amounts to approximately 36% in the U.S.
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http://en.wikipedia.org/wiki/Research_funding
I'm not saying that the government shouldn't fund any kind of research. I'm saying that the private side can spent a lot of money on R&D too, especially if they see a profit.
And if the initial research down on stem cells is even slightly correct, the process could be the greatest medical discovery in a LONG time, and I don't see how any private organization wouldn't want to get their hands all over that.