I mostly agree with you, I guess the University of Michigan is not quite a private institution though.
It's somehow in between public and private; it certainly receives substantial funding and support from the state of Michigan and the federal government. I don't think it's obvious that they should be prevented from gaining financial advantage from research activities (but there are certainly people on both sides of that question).
It's somehow in between public and private; it certainly receives substantial funding and support from the state of Michigan and the federal government. I don't think it's obvious that they should be prevented from gaining financial advantage from research activities (but there are certainly people on both sides of that question).