I think it's a good concept but I think this quote isn't fully accurate:
"Such reasoning implies that money is the only reason why people would do something, which is not true. Science can have its own value, because people want to understand how the world works. That is why they do science, not to make money."
Perhaps money is not involved, but there certainly is status and an general feeling of being "pure" due to being purely academic, and intelligent for being able to discover novel things. There is certainly some self-serving interests in doing science, not that it's solely bad, but it's not purely altruistic and for interest for most people.
"Such reasoning implies that money is the only reason why people would do something, which is not true. Science can have its own value, because people want to understand how the world works. That is why they do science, not to make money."
Perhaps money is not involved, but there certainly is status and an general feeling of being "pure" due to being purely academic, and intelligent for being able to discover novel things. There is certainly some self-serving interests in doing science, not that it's solely bad, but it's not purely altruistic and for interest for most people.