And since we are talking about science reform, let's start with the much easier and cheaper preregistration [1] which helps massively with publication bias.
He advocated (very naively, as it appears today) for science as a human endeavor that has no reason for falsification. His justification was that scientists have nothing to lose from being proved wrong, and, as an example, he gave some University dean who published some works that were shown to be completely wrong in a course of few decades, but still retained his position in a university (because his approach was valid and he never attempted to manipulate the truth, he just made an honest error).
But, the more I think about how did we come to this, in many human activities it is often the case that whoever undertook such activities relied on their own wealth and not being incentivized to commercialize their discoveries. It was the aristocrats or monks or some other occupation that made their life affordable, and boring enough for them to look for challenge in art or science. Once science became professional, it started to be incentivized in the same way any other vocation is: make more of it--be paid more; make more immediately useful things--be paid more.
I don't know if we should return to the lords and monks system :) But I'm also doubtful that we can make good progress by pulling the levers on financial incentives of commercializing science.
Incentives like these exist in basically all areas of work. Perform well and you get "job security, promotion and prestige". Yet somehow there is no decade long ongoing crisis in industry of corporations lying about their products. When these cases happens (obviously they do), corporations and individuals get punished.
How would you reform the system? More funding definitely is not the answer.
Because we can't usually measure our goals directly. We want outcomes like relativity and the two-slit experiment. Those results take a lot of time to uncover and have a meaningful chance of failure. If you look at an early-career scientist who hasn't produced (m)any papers, chances are they're fully qualified _and_ doing all the right things with respect to our society-level goals. However, that's hard to distinguish from outright fraud and freeloading from the outside, so we've imposed a crappy proxy measure, used for career advancement.
That's different from many jobs, where it's easy to measure incremental progress and where the results are more certain. You can directly weed out poor performers because you can watch them perform poorly.
> no decade long ongoing crisis of corporations lying about their products
Really? Flame retardants in our "food-grade" spatulas, lead leaching out from ceramic bowls into your soup and cereal, products "sold" as physical devices with a backdoor to start requiring a subscription years later, the pattern of building a brand on quality and then gutting the bill of materials to ramp up profits while deceiving customers into thinking it's the same thing, WalMart explicitly requiring manufacturers to not have any change in product numbers for the sub-par products sold there, .... Fraud is rampant, enough so that for most products I find it quite hard to actually make a sound purchasing decision, and those corporations seem to be wildly profitable.
> individuals get punished
That's true to an extent, but how many doc jockeys exist in some unimportant department in FAANG? You can have a very comfortable career skating by on minimal productive output when cause and effect for the business operate on sufficiently long timescales and with nonlocal, diffuse connections.
[1] https://www.bbc.co.uk/iplayer/episodes/b00wms4m/the-ascent-o...
You want to get a Phd? you have to publish something... anything.
You want money for experiments? You need publications even if you do the rest of the theoretical work on your own.
You want to get funds for some new or to continue some research? You need publications.
I'm not defending those that publish all sorts of crap as research but the whole system is rigged.
Everyone is asking for as many publications and citations as possible to even lend you a lab for 1 day to test something.
Excuse my language but what the f are you expecting?
Edit: formatting