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There is definitely room for reform in the "business" of academia. IE: in how research is published, checked, verified and funded. And how Universities interact with it. There is a clear problem in how things are incentivized and it is encouraging misconduct.

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Sure, but to what point?

"We spent 1 million dollars on oversight, and the 100 thousand dollar project is now completely free of fraud"

Nope. I think this is better: We spent zero citizens tax dollars on science grants and all scientists had to get venture capitalist funding like the rest of the world.

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