You don't think that private companies regularly form hypotheses, test those hypothesis, and draw conclusions from their results? Applied science is no less worthy of the title of science than is pure science, and the private sector is applied science writ large.
As for pure science and government funding, I'm not against it, and promoting one over the other is not my intention, as they both have their roles to play. I agree that pure science would not occur to the extent that it does now absent government funding. What I disagree with is that science would not happen at all were that the case. That's flatly stupid thing to say, and I'm a little amused that you would make that claim just before calling me stupid.
In a world where the rate of technological advance is larger than it has been at any other time in the history of the world (and is still increasing), it seems obvious that both are playing their roles rather well. The system is functioning. Science is not dead. Hell, it's not even sick.