Pure science, the part of researching thats more based on our curiosity to questions than going after some practical result is a really key component to science.
Obviously private funding tends to go for goals and looks towards attainable research, near the cusp of something big as is often the case.
However 'pure' science is often publicly funded and done in the interest of curiosity and is usually where you find discoveries happening that weren't expected.
This is why both types of funding are so key.
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