{"id":25663,"date":"2020-08-28T09:58:06","date_gmt":"2020-08-28T13:58:06","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=25663"},"modified":"2020-08-31T15:59:30","modified_gmt":"2020-08-31T19:59:30","slug":"image-of-the-day-private-rd-dwarfs-public-funding","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/25663\/image-of-the-day-private-rd-dwarfs-public-funding\/","title":{"rendered":"Image of the Day:  Private R&#038;D Dwarfs Public Funding"},"content":{"rendered":"<p>As we&#8217;ve continued to <a href=\"https:\/\/cfif.org\/v\/freedom_line_blog\/25590\/image-of-the-day-private-pharma-investment-dwarfs-federal-nih-funding\/\">highlight<\/a>, Joe Biden, Bernie Sanders and others dangerously seek to weaken U.S. patent protections, which for centuries have led the world and account for the fact that the U.S. pharmaceutical sector introduces <a href=\"https:\/\/cfif.org\/v\/freedom_line_blog\/25531\/image-of-the-day-patent-rights-and-u-s-pharmaceutical-leadership\/\">more new drugs than the rest of the world <em>combined<\/em><\/a>.\u00a0 Their logic is that federal research and development funding justifies confiscation, not realizing that, as former patent attorney Abraham Lincoln once noted, the U.S. patent system added &#8220;the fuel of interest to the fire of genius.&#8221;\u00a0 From our friends at <a href=\"https:\/\/www.aei.org\/wp-content\/uploads\/2020\/08\/Jim-8_6-chart-3.jpg\">AEI<\/a>, a new graphic highlights again how private R&amp;D actually dwarfs federal funding, which understandably peaked in the 1960s during the Cold War and Space Race.\u00a0 It&#8217;s simply no justification for weakening America&#8217;s ongoing legacy of strong patent protections:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/www.aei.org\/wp-content\/uploads\/2020\/08\/Jim-8_6-chart-3.jpg\" alt=\"Private R&amp;D Leads the Way\" width=\"550\" height=\"409\" \/> Private R&amp;D Leads the Way<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we&#8217;ve continued to highlight, Joe Biden, Bernie Sanders and others dangerously seek to weaken U.S. patent protections, which for centuries have led the world and account for the fact that the U.S. pharmaceutical sector introduces more new drugs than the rest of the world combined.\u00a0 Their logic is that federal research and development funding [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1251,2871,2872,5057,4805,5125,2190],"class_list":["post-25663","post","type-post","status-publish","format-standard","hentry","category-posts","tag-drugs","tag-intellectual-property","tag-ip","tag-patents","tag-pharmaceuticals","tag-rd","tag-research-and-development"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=25663"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25663\/revisions"}],"predecessor-version":[{"id":25667,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25663\/revisions\/25667"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=25663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=25663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=25663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}