Well, what actual value did cern produce beyond theoretical research with no application in sight?
Without CERN, I think we would have eventually seen some form of hyperlinked document system emerge from either academia or industry, but it might have been more proprietary or fragmented.
The other values include redistribution of wealth, support for businesses, job creation, sustaining internal intellectual capabilities without depending on the whims of fickle corporations, and probably many others that I can't think of for now.