From NASA putting a man on the moon to DARPA developing what later became the Internet, the U.S. government, through a host of different public agencies, has provided direct financing not only of basic research but also public venture capital; both Apple and Tesla have received direct public funding.
Neoliberalism became the leading economic ideology in the U.S. and in the U.K. during Ronald Reagan's and Margaret Thatcher's mandates. In this way, the leaders of the free world offered a viable solution to the economic crisis at the time: competition, deregulation, outsourcing, to name a few buzz words that have since become common place.
Effective altruism is a philosophy and social movement which tries to work out the most effective ways to improve the world. Effective altruists - conform to old-school utilitarian principles - consider all causes and actions, and then act in the way that they believe brings about the greatest positive impact.