The next thought should be: why doesn't neo-liberal capitalism fix this problem? And: is my characterization of the problem correct? Why not start a new firm that better compensates researchers (and tool makers) for their valuable work? It seems like big tech (especially Google, and perhaps Microsoft) comes in from the commercial side and invests in R&D at reasonable rates for just this purpose! But surely if workers are systematically undercompensated, there is room for a disruptive firm to come in and take the best talent and still make a profit.
Perhaps the characterization is wrong and the EV (expected value) of this work is far lower than you think (this seems likely), and/or there are externalities like regulation, or the leverage of prestige that traditional orgs (e.g. universities and publishers) wield, that warp the profit incentive. Or (and this is my cynical view) pure science was always best left to the hobbyists. Historically the most important discoveries have come only rarely and to those who loved doing science in their free time or, more rarely, when a talented individual found a patron. Building a science factory and hiring science factory workers not only sounds distasteful, but it doesn't seem to work very well. (The exceptions being those very capital intensive projects like the LHC which require a large pool of professional scientists and engineers to do the experiment.)
Perhaps the characterization is wrong and the EV (expected value) of this work is far lower than you think (this seems likely), and/or there are externalities like regulation, or the leverage of prestige that traditional orgs (e.g. universities and publishers) wield, that warp the profit incentive. Or (and this is my cynical view) pure science was always best left to the hobbyists. Historically the most important discoveries have come only rarely and to those who loved doing science in their free time or, more rarely, when a talented individual found a patron. Building a science factory and hiring science factory workers not only sounds distasteful, but it doesn't seem to work very well. (The exceptions being those very capital intensive projects like the LHC which require a large pool of professional scientists and engineers to do the experiment.)