private sector doesnt do basic research and has a short view of things because of the drive towards profitability.
gov't-funded R&D is why we have nice things. everyone strategically forgets that silicon valley exists because of bottomless cold war spending, so silicon valley's obsession with the superiority of the private sector is ever ironic
The private sector is generally very, very heavy on short-termism. Even when companies do have internal long-term research initiatives, there is often a strong aversion to pursuing research that could cannibalize high-margin products.
Unequivocally, no, the reasons are stated in the post you're replying to.
Which private, for profit, company would spend five (5) billion dollars (unadjusted for inflation) to launch GPS satellites into space and then allow their unlimited use free of cost to anyone in the world who has a receiver? That cost doesn't even account for ongoing maintenance.
Maybe no company would do exactly that, but that is irrelevant. Companies would do other things with that money. Maybe they would have cured some disease instead. Maybe they would have found another breakthrough technology. Who knows.
And there is nothing free about using those satellites. Tax payers pay for their launch and subsequent maintenance and running costs.
