> If there is funding, there is apparently a need for research.

This is very close to "There must be a pony in there somewhere". [1] If the question is whether the field is worth continuing to fund, the answer can't be, "Well since people are still funding it, it must be worth funding." By the same logic, we should just keep putting billions into WeWork.

Research is hard to value, and fundamental research especially so. The logic of "if people buy it, it must be good" only patchily applies to normal commerce, where results are relatively easy to measure and feedback loops are short. It's wholly inadequate for feedback loops on the scale of decades.

[1] https://www.google.com/search?channel=fs&client=ubuntu&q=the...