Very sad story on Wired.com about the final death of Bell Labs. Corporate-sponsored research labs like Bell, Hewlett Packard and Xerox's "PARC" facility contributed massive numbers of innovations that we take for granted everyday.
Where would we be now if the current mindset of penny-pinching, MBA carrying ass hats had ruled the day in the 50's and 60's? Back in the stone age, that's where we'd be.....fucking glorified accountants.
Yet another side effect of publicly held companies run by investors that are only concerned with the balance sheets and profit margins.
I'd say don't worry, Universities will fill the gap by championing the cause of "pure" research. Unfortunately most Universities are now run by the same vacant suits that care more about bilking their Alumni to fund sports programs so they can make even more money off of selling the TV Rights.
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