… unless we change the way we currently motivate our best minds.
The world is flushing trillions of dollars down the toilet in the way it currently is trying to find a cure for deadly diseases. The incentive system is all wrong. Researchers and scientists have no pressure on them to cure a disease, all their motivation actually leans the other way. Why? They receive huge annual grants and tons of cash and live very comfortable lives with everyone around them thinking they are heroes. If they cure the disease, then they have to find a new purpose to their lives and their cash flow dries up. The current system doesn’t promote the best minds; it promotes those who have the best people skills at getting grants. How do we fix this? Change the motivational system; let private enterprise go to work. Take all the money that had been going to researchers and put it into a giant fund and give the award to the person or group that cures the disease. Venture capitalists, hedge fund managers and CEO’s will now determine the distribution of capital; and trust me, they will push HARD for results. Financial managers could care less about researchers’ people skills or seniority; all they want is the best of the best so they can see lots of black on the bottom line. The same power that pushed Brin & Page to create Google, or Gates to create Microsoft or Jobs to create IBM, or Henry Ford to invent efficient manufacturing will drive the best researchers and best ideas to the forefront and cures will be found with amazing rapidity.
The current system is inherently corrupt and will only move at a glacial pace as it hemorraghes resources. Put the enormous pressure of the free market on the problem and you will see it quickly unraveled. How many more have to die horrible deaths because our current system is incredibly stupid and inefficient?