Piffle using self selected evidence as proof
What utter cobblers, many research projects over the decades have been state sponsored. I give you the Marine chronometer as an example, paid for by the British government and it revolutionised shipping in it's day, eventually trickling down to make goods cheaper for households worldwide. This wasn't done at the whim of what some rich lunatic fancied having a go at but on the opinion of a group of elected officials considering what would best benefit the country as a whole. According to Tim Worstall that should constitute PROOF that state sponsored research is the best way to go.
Sadly this hoary old chestnut boils down to the same argument as the "charity is better than state benefits", they both essentially come down to let your betters do what they will and sometimes on a whim they'll give you some crumbs from their table.