The problem is that this article generalizes "science" to the life sciences. Biology and medical experiments take a long time, are very expensive and reproducing results can be very difficult. Of course there's more pressure for scientists to produce results and you'll see fishier papers to justify their big grants.
Research can be incredibly profitable. What about Bell Labs? 3M? The technology from your iPhone wouldn't have been possible without Apple's big R&D department. There are many examples of successful (and profitable) R&D departments. Heck, Exxon's R&D arm comes out with many innovations a year to make pumping oil out of the ground easier. It just isn't as visible (or linkbait-y) as that new gene they found.
>> "[science] has never made economic sense in the present"
Life sciences don't. It takes decades for new drugs to come out sometimes. So yes, there are a limited number of people who do this. But electronics? Tech? Mechanical/Aerospace engineering? SpaceX, Intel and others are constantly improving.
>> "Increasingly, it has become clear that our society does not reflect one designed with its own best interests at heart. Why this is, how it happened, and how we can change it, will be the greatest challenge of our lifetimes."
Bullshit. There's financial incentive to go with the fold and do conventional things, but there's also a lot of financial incentive to innovate. However, innovation is hard when there's a higher barrier of entry. Information is the industry that has seen the most innovation in the last decade because anyone and their mother can make software.
The real problem is making the barrier of entry lower for other industries. To make manufacturing, biomedical research and others easier. And guess what? There's economic incentive to do that, too! People who make software development easier are getting tons of money and 3D printing, which will completely change the way manufacturing is done, will probably create some billionaires in the next decade.
The system is fine! In the last decade, we got portable access to all of human information, the ability to always know where we are, advancements in electronics, cars and all sorts of myriad incredible things. Give us another couple decades and we'll make things that will blow anyone from the present's mind.