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I don't like this issue about the ocean. Taking money from people to study things that have no significance in the development of current technologies or ways to solve various problems (for example, medicine) is not my thing. But the second one emphasizes the rejection not just of all "useless" research, but specifically of those that do not provide economic benefits.
However, even if we approach this issue from the point of view of the people's needs, as Ment noted, knowledge gained in one area can often help in another.
So, there is no such thing as "useless" research. Any fundamental research expands knowledge about the picture of the world, contributes to the development of technologies necessary for its study, and much more.
Then the question is of a different nature: why is it not possible to allow the private sector to do this?
Where do we go?
Where do we end up when we save the world?
Where do we end up when we save the world?
