One: Faculty outsource governance of the academy to businessmen who care only about profit.
Two: Businessmen then outsource academic faculty to adjuncts and MOOCs for profit.
Three: Academics then express shock at this predictable result as they clean out their desks.
Four: Academy looted until there's nothing left to loot, then businessmen move on to loot elsewhere.
Five: Either civilization dies or academics rebuild academy ripe, soon enough, for looting again. REPEAT.
More Faulty Ivory Towers here.
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