Don’t Be like China: Why the U.S. Government Should Cut Its Science Budget

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5 • 979 Ratings

🗓️ 25 May 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden unveiled plans to increase the U.S. government’s science funding by some 20 percent over the next year, but the reasoning behind it is flawed. Terence Kealey explains why.

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Transcript

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0:00.0	15 years ago this month the Cato Institute launched the Cato Daily Podcast and to mark the occasion we're hoping to give you a token of our appreciation and ask a small favor.
0:10.0	Visit Cato.org slash CDP15 to get a pair of vinyl Cato Daily Podcast stickers in the mail and
0:17.2	give one of them to a friend who might enjoy timely
0:19.8	libertarian perspectives on issues of the day.
0:22.4	That website again is Cato.org
0:24.2	slash CDP 15 and now more than ever thank you for listening.
0:28.6	This is the Cato Daily podcast for Tuesday, May 25, 2021.
0:36.5	I'm Caleb Brown.
0:37.5	As China rises as a stronger economy, the impulse among many in the Biden
0:41.6	administration and in Congress is to boost government-run science.
0:46.0	Terence Keeley is author of the New Cato paper, Don't Be Like China.
0:49.9	Why the US Government should cut its science budget?
0:53.5	We spoke last week.
0:55.0	Why do the US and Great Britain feel this need right now?
0:59.9	It's been a talking point for a few years,
1:02.0	but right now why is there this big push to spend more on basic science?
1:08.0	In Britain and America. They have bought into a story that their great enemy today is China.
1:16.4	They have brought into the story that it is their responsibility as a two great
1:21.8	nations or one great nation and one rather smaller one to be the
1:25.3	world's policeman and they have bought into the story that the way you arm against
1:31.2	China is to invest in pure science more than China they believe is investing in
1:37.2	pure science and so you outstrip China's science and out of that you get more and better technology. It's all mythology
	...

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