It was in the spring 2012 budget that the previous Conservative government established the primacy of utilitarian, mercantile science over basic research and pure intellectual inquiry. The budget decreed that federal funds would go to research that was âbusiness-led [and] industry-relevant.â The significant deficit in industry investment in research and development affects our economy. We rank lower than most industrialized countries in innovation, as corporations with lower tax rates than in other countries sit on the cash. With
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