The Washington Post has a great article about the values of basic research:

"The U.S. scientific enterprise is riddled with evidence that Americans have lost sight of the value of non-applied, curiosity-driven research -- the open-ended sort of exploration that doesn't know exactly where it's going but so often leads to big payoffs. In discipline after discipline, the demand for specific products, profits or outcomes -- "deliverables," in the parlance of government -- has become the dominant force driving research agendas. Instead of being exploratory and expansive, science -- especially in the wake of 9/11 -- seems increasingly delimited and defensive."

Go and read the entire article, it's worth it!