The Coming Decline of Harvard

The New Republic reports:

Summers was brought down not because he was politically incorrect or bad at soothing academic egos, though those things contributed far more than they should have. The core problem is that he wanted to shake up the comfortable world of higher education. Most Americans think of universities as a bastion of the political left, and in one sense they are. But in a deeper sense, institutions like Harvard embody a particularly blind sort of conservatism: All change causes discomfort, and so must be resisted. In this deeper sense, Summers was and is very much a man of the left--the best kind of left. Good for him. Harvard's governing board has now chosen, publicly and emphatically, the status quo. Bad for them, and before long, bad for all of us. A friend of mine who runs a small business likes to say that the last move of a failing enterprise is to fire all those who want change. It's hard to imagine another such reform-minded president in a top university anytime soon. From now on, the forces pushing change will all come from the outside. Inside, we will see only denial and resistance, in equal measure. The downward spiral will accelerate.

You'll want to read this whole one.An economic institution which is based on what producers want(tenured professors)as opposed to what consumers want at a reasonable price:is headed for disaster.Harvard might still get 300 million dollars from the federal government(for a few more years) but how much longer can welfare for the well to do last?