July 22, 2005
The Trouble with Funding Embryonic Stem Cell Research
The unethical destruction of human lives is the principle argument for rejecting the use of taxpayer's money to fund embryonic stem cell research. Steven Milloy, in his column Stem Cell Smoke and Mirrors, gives another:
The reason that embryonic stem cell researchers are agitating for taxpayer money is that their private funding has dried up. Private investors and venture capitalists are not investing in embryonic stem cell research because they perceive it to be a pipe dream unlikely to produce any progress and, hence, investment returns, in any reasonable time frame.And, researchers are beginning to admit this fact [more here].Researchers aspiring to be on the dole and investors whose money is mired in floundering stem cell research firms are looking to federal funds for relief. Such groups already hoodwinked California voters for $3 billion last year with Proposition 71 — a sum that pales in comparison with what Congress could slop in their troughs.
The bottom line is that if embryonic stem cell research had real promise, private investment would be overflowing into biotech companies. But it's not.
Posted July 22, 2005 12:51 PM
