R&D has increas­ing­ly been direct­ed towards pri­vate inter­ests and pri­vate prof­it, result­ing in reduced pub­lic spend­ing on R&D as a per­cent­age of GDP and a reori­en­ta­tion of R&D spend­ing (both pub­lic and pri­vate) towards max­i­miz­ing prof­its, rather than align­ment with press­ing social, eco­nom­ic and eco­log­i­cal needs.

In a new report from The Democ­ra­cy Col­lab­o­ra­tive (where I am Research Direc­tor) and Com­mon Wealth (part of our transat­lantic ​“Own­er­ship Futures” series), we dis­cuss how prin­ci­ples of demo­c­ra­t­ic pub­lic own­er­ship could inform the need­ed restruc­tur­ing of the U.S. and U.K. IP and R&D sys­tems. 

Read the full article at In These Times