Don’t bank on it

April 7, 2016

It may well be the case that individualism and short-termism contribute to the UK’s failure (relative to Germany) in building a state-backed system to commercialise research (“Individualism ‘explains UK’s failure to translate research’”, News, 26 March).

However, one should also take into account the fact that a third of the income of Fraunhofer Institutes comes from the local Länder (regions), that in Germany 40 per cent of banks are public banks with a desire to invest in the real economy and not just fly-by-night financial speculation, and that Germany understands that the basis of the real economy is manufacturing, with services layered on top of that. Only when we (and the politicians) start recognising that investing in manufacturing is a good idea are we likely to enjoy the benefits of a sound and export-positive economy that are seen in Germany.

Douglas Kell
University of Manchester


Send to

Letters should be sent to: THE.Letters@tesglobal.com
Letters for publication in Times Higher Education should arrive by 9am Monday.
View terms and conditions.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns