The goverment can raise economic well-being by subsidizing basic research, as in fact it does.
My paraphrase.
#1: The government can raise economic well-being by subsidizing basic research, which, incidentally, is just the case in the actual world.
Is my understanding correct? Thank you very much!
What about?
. . . , which, in fact, it already does anyway.
. . . , which, in fact, it has been doing all along.