All Predictions Wrong

All Predictions Wrong

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All Predictions Wrong
All Predictions Wrong
How society coddles elite universities

How society coddles elite universities

They’re out of touch – sometimes anti-Enlightenment – because gowns are subsidized by towns

Gregg Easterbrook's avatar
Gregg Easterbrook
Nov 10, 2023
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All Predictions Wrong
All Predictions Wrong
How society coddles elite universities
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The drumbeat of awful news from Israel and Gaza has caused repulsive instances of faculty and students at elite colleges and universities praising the killing of Israeli civilians. Of course no one should praise the killing of Palestinian civilians either! But how have elite colleges and universities gotten so out of touch with humane values?

smiling woman wearing academic dress and black academic hat
Photo by Felipe Gregate on Unsplash

One reason is the internal illness of academia, which is a topic for some other day. Another reason is that elite colleges and universities are extensively subsidized yet unaccountable -- which is a formula for falling out of touch.

Let’s look first at how government bankrolls colleges and universities; then consider proposals for change, including ways to inspire the rich to give to community colleges, HBCUs and colleges for children of modest means, rather than channeling money to well-endowed institutions that mainly serve elites.

Structured as nonprofits, most colleges and universities pay no property taxes or business taxes, while lavishly rewarding their administrative rentier class. The University of Pennsylvania, an Ivy League member, paid outgoing president Amy Gutmann about $2.5 million per year and is believed to be paying new president Elizabeth Magill about the same.

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