> Novel mathematical methods precede their application by at least a decade and widespread use by about a century.

This isn't really a good argument. The assumption here is that the "applications" were possible because of the math itself, but it leaves out the possibility if the math didn't exist somehow it will be discovered/invented because the applications demand so.

> There is a lot of mathematics created but we don’t yet know how to use it.

The vast majority of mathematical work is complete useless. Only a small percentage finds use in the real world (even if you consider the maths from centuries back).