Using an analogy with the capitalist economy, we examine the issues within modern basic science research as innovation drives both evolutionary cycles of the economy and research. In particular, we delve into the topics of peer review, academic monopolies and startups, the tenure system, and academic freedom in detail. To improve science research with a mature paradigm, a comprehensive solution is proposed, which involves implementing a credit system within a robust community structure for all scientists. Members can earn credit by contributing to the community through commenting, reviewing, and rating academic activities of submitted manuscripts, grant applications, and up to five achievements from each member. As members accumulate experience and credit, they can progress in their roles within the community, from commenter, reviewer, moderator, up to board member (serving in governing committees). High-achieving individuals are evaluated by the community for the quality, rather than the quantity, of their academic accomplishments. High-risk, high-reward projects from academic startups will be properly funded, and a healthy feedback and ecosystem will make the scientific community prosper in future innovative cycles in a self-sustaining way.
Wanpeng Tan
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