Arena BioWorks a Privately Funded Biomedical Institute Launches to Quickly Make More Money for its Billionaire Backers

As billionaires self-aggrandize through inheritances, subsidies and tax breaks, they fund really stupid projects that make them more money, but offer the public no benefits. Most innovation arises from public funding. Whether it’s the transistor, the new and widely used 3D transistor, solar panels, lithium-ion batteries, the internet, the smart phone, integrated circuits, electronic design …