Could Stem Cells One Day Cure Diabetes?
One cannot answer such question without a lot of trial and error... Which is a very costly process — so costly, it is impossible to do it just out of benevolence alone. You need a financial motive. Either the reward of a good steady salary (regardless of outcome), or a promise of a spectacular payout in case of success — or some combination of both.
Who would be the payer? Right now around half of this research is funded by the Federal government.— indeed, this article, for example, laments the government share dropping below 50% "for the first time since WW2"...
Which means, that about half of the decisions in that industry is made by the government officials, who will not themselves reap any monetary benefits from it. Their own salaries will not change regardless of whether the funded projects succeed or fail — as long as they follow the rules (or in good faith believe, that they do). And, maybe, that is, how government officials should operate — they are hired by us,; captive taxpayers — to do things, that only government can do...
But medical research does not require government's power! I'd like it to be fully financed by the "profiteers", willing to risk their — and their willing investors' — funds, time, and efforts for the sliver of hope of a lucrative breakthrough.
I don't want to have to vote once in four years on who will be appointing the people, who will be devising the policies, which will control government research spending. Even if everyone involved is sincere, I may have stark disagreement with them over the funding priorities.
For example, this guy thinks it is unethical to live beyond 75... He is, of course, entitled to his own opinion, but he is not just a random kook — he had enough influence over Democratic Administration, he is considered "an architect of Obamacare".
The older I get, the less I want him to influence medical research — yet, his power over government remains strong. Do you suppose, he — or people listening to him — would consider funding cures for Alzheimer much, for example, if most of the sufferers are above 75 anyway? Or the obesity — with it being the sufferers' own fault? Or the diabetes — for which obesity is one of the biggest reasons?
Or the anti-aging medicines and procedures? Why would government fund those, if, as a result, there'll be (much) more retirees collecting pensions? I'd like to live long, but a government's ideal citizen would die a months after retiring from workforce — we have nearly opposite priorities here, and yet it is the government that still funds about half of the medical research...