November 24, 2012

Why Scientific Research Is a Ponzi Scheme

Steve Caplan, The Guardian

AP Photo

Ponzi schemes are typically scams that involve the recruitment of investors, who initially receive high returns for their investments and recruit other investors – until this pyramid collapses, and those at the bottom end up losing all their money. Meanwhile, those at the top of the pyramid disappear with the "earnings". Does this bear any similarity to the pyramidal systems that exist in the sciences at academic institutes and universities?

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TAGGED: Laboratory, Postdocs, Scientific Research, Ponzi


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