I’ll go one step further: Anything that can be a for-profit loop already is.
> a product to certain beneficiaries, whether clean water for poor rural areas, or a non-rival good such as research for the world at large.
If those rural areas would be able to purchase clean water, or a way of producing their own clean water, in a manner profitable to investors in the rural water service area, they would.
Where the world at large pays for research results, those fields are privately funded.
I think “already is” is correct, except where there are barriers: legal, technological, cultural, etc. Remove the barriers (change the law, invent new technology, etc.) and you could open up opportunities for profit.
Where the world at large pays for research results, those fields are privately funded.
I’ll go one step further: Anything that can be a for-profit loop already is.
> a product to certain beneficiaries, whether clean water for poor rural areas, or a non-rival good such as research for the world at large.
If those rural areas would be able to purchase clean water, or a way of producing their own clean water, in a manner profitable to investors in the rural water service area, they would.
Where the world at large pays for research results, those fields are privately funded.
I think “already is” is correct, except where there are barriers: legal, technological, cultural, etc. Remove the barriers (change the law, invent new technology, etc.) and you could open up opportunities for profit.
Not sure what you mean by this, examples?
e.g. microprocessor research, psychology as applied to advertising.