So you're right, but it's still an issue until we can solve the misinformation problem.
They just aren't too keen on spending money on the good of mankind however.
What if they cut your taxes? Then you can spend your money on anything you think might benefit mankind instead.
If the government cuts taxes but at the same time prohibits an activity I can't then use the money I've saved by paying less tax on that banned activity.
For some things it does work. I could spend the money on recreational drugs, for example, because they are available, however I don't personally know any stem cell therapy practitioners, nor any who are prepared to flout the law.
Edit: removed a word because it made a sentence ambiguous
Hopefully not $900 Epi Pen profitable, though...
In Australia we are fairly lucky in this regard, our government is 'mostly' good, for some value of mostly at least. I'm not saying it couldn't be more efficient but definitely more efficient than research institutions needing to market to the broad public for funding.
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I didn't know it worked that way, that seems.. unintuitive to say the least heh.
Or to put it in a stronger business-context, the money to be made here in the US will have been squandered by politics.
Because while there is a moral argument here, it's been thoroughly coopted by politicians using it to gain/keep power.
I'm sure any paralyzed person would easily take a $300 flight to Canada for the surgery.
The only risk is that the US has the highest amount of human scientific capital.
But much like the EPA thing that turned out to be overblown (according to multiple EPA reps who said the memo was routine and that Obama did much the same, without drawing the subsequent outrage) I'm going to wait until legitimate threats to stem cell research are made before I'm concerned.
If Balaji Srinivasan is confirmed for the FDA, I'd expect gene therapies and stem cell treatments to become more commonplace. After all, Balaji's first startup dealt with genetic testing.
What is more concerning is that the US might face a brain drain in the coming years, due to the visa ban from so-called "terrorist" states (funny how Saudi Arabia is conspicuously absent from that list...)
Remove the desire for the Chinese, Indian, and Russian engineers to try to study and work here, and you remove the USA's competitive advantage, and you give back all that talent straight to the USA's biggest competitors.
Or to Canada. The US isn't the only western country highly skilled workers emigrate to.
My cyberpunk education would point to the Far East as "the" place for this sort of thing to spring up unregulated.
If Canada/EU/Australia think stem cell and gene therapies are important, along with things like climate science and any other kind of science, and we in the US are failing on these things thanks to our crappy voting, then why can't you guys pick up the slack? Personally, I'm not at all happy about the prospect of what's going to happen to science funding here real soon. But that doesn't excuse all these other advanced economies from doing their part too. The rest of you should be trying to take the lead on these things, if not many more things, esp. when we so obviously screw up.