In Australia our federal government has stripped money from our premier scientific research organisation - the CSIRO (they developed Wi-Fi amongst their other breakthroughs) - and emphasised research on those projects with demonstrable economic benefits. It's another strain of the issue described in this article; truly breakthrough research may not clearly advertise its economic benefits.
Of course, this is the same government that eliminated the Minister for Science (for the first time in a very long time), has the worst environmental track record in our history, and that is led by a Prime Minister who is on the record saying that the science behind climate change is crap.