Our government, and moreso, our society through cultural and government apathy has devalued anything academic that does not produce material gains - capital, wealth, patents, etc.
I fear that the total commercialisation of academia means that we are unlikely to see meaningful material gains for society in terms of new cures to disease or technology advances outside of those that can be monetised for recurring revenue in the next decade.
It's really an unfortunate but self inflicted American problem.
It's a problem, sure... but the problem is that we're not funding schools. If we spent some tax dollars on our education system, academia would be more independent from business, and could focus more on the sorts of long-term and difficult-to-monitize research that business is not so great at.
I fear that the total commercialisation of academia means that we are unlikely to see meaningful material gains for society in terms of new cures to disease or technology advances outside of those that can be monetised for recurring revenue in the next decade.
It's really an unfortunate but self inflicted American problem.