Skip to main content
Default Image

Set 2% target for public R&D spending to beat climate crisis, government is urged

Expanding democratic ownership Fighting for a new systemic vision

In an article by Jon Stone, a Community-Wealth.org report is highlighted. “Ministers are being urged by policy experts to set a target to spend 2 per cent of the UK’s GDP on public R&D investment over the next 10 years, a huge increase aimed to fill gaps left by the private sector.

The researchers at the think tank Common Wealth also urge deep reforms to intellectual property law – which it is argued have become outdated and no longer incentivise innovation.”

The article continues, “the report argues that any intellectual property – like patents on new innovations – developed from publicly funded research and development should be put into the commons and available for all to use, to maximise its benefit.” 

Read the full article at The Independent

Publication date: 2020-09-19
Publisher: The Independent
Publication URL: Set 2% target for public R&D spending to beat climate crisis, government is urged

More related work

Default Image

Healthcare as a public service: Redesigning U.S. healthcare with health and equity at the center

The Veterans Health Administration—the country’s only fully public, integrated healthcare system—has a lot to tell us about how a national healthcare service for the United States might operate.

read more
Default Image

Preston is putting socialist policies into practice

Labor movements must pursue a social and economic vision that can address the deep structural inequalities these pandemic years have exposed. Preston gives a glimpse of the exciting possibilities that collaboration with unions could achieve.

read more
Medicine Cost

Americans deserve publicly owned generic drugs

Bold policies could have saved America’s largest generic drug plant, but it’s never too late to start putting communities first.

read more