This graph made me gasp. Then it made me angry.

It's a breakdown of Government research funding via @arc_gov_au.

Look at the TOTAL funding – it's dropped sharply since 2014!

This is direct from ARC (via DMer), in real $, updated from https://www.arc.gov.au/news-publications/media/presentations/standard-arc-schemes

#RefundTheARC
1/4
Here's @arc_gov_au's funding adjusted for inflation to 2019 dollars⤵️

ARC research funding has dropped ~30% since 2014!

Why? Because the Lib/Nat Government decided it should🤬

They've gutted ~$800m over last 5 years. That's a whole year's worth of funding!

#RefundTheARC
2/4
Almost all that $800m would've been spent in 🇦🇺

At least ~½ would've funded JOBS, building knowledge & resilience. Think COVID!

MOST would've been early-career jobs.

Instead, 🇦🇺 research is so impoverished it can't admit many new people. Nor many new ideas.

#RefundTheARC
3/4
The desperate lack of @arc_gov_au funding is destroying 🇦🇺research.

The LNP chose to undermine it. That was our prep for COVID: a debilitated innovation capacity; discarded knowledge & ideas.

And it continues!

If we want a prosperous, smart future, we must #RefundTheARC

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