PLUTOCRATIC UNIVERSITIES Are NOT UNIVERSAL


When universities which are viewed as the best in the world, produce, most prominently not good and reason, but gold and evil, by fostering or organizing the plunder of entire countries, Earth has a serious problem. Consider this: The Harvard Boys Do Russia.. “After seven years of economic “reform” financed by billions of dollars in U.S. and other Western aid, subsidized loans and rescheduled debt, the majority of Russian people find themselves worse off economically. The privatization drive… helped to create a system of tycoon capitalism run for the benefit of a corrupt political oligarchy that has appropriated hundreds of millions of dollars of Western aid and plundered Russia’s wealth.

Essential to the implementation of (Russian Deputy Prime Minister) Chubais’s policies was the enthusiastic support of the Clinton Administration and its key representative for economic assistance in Moscow, the Harvard Institute for International Development. Using the prestige of Harvard’s name and connections in the Administration, H.I.I.D. officials acquired virtual carte blanche over the U.S. economic aid program to Russia, with minimal oversight by the government agencies involved. With this access and their close alliance with Chubais and his circle, they allegedly profited on the side. Yet few Americans are aware of H.I.I.D.’s role in Russian privatization, and its suspected misuse of taxpayers’ funds.”

One evening long ago, when his sons were in elementary school, US Senator Joe Biden was sitting around with old friends in a backyard in his home town of Wilmington, Delaware. He asked one of them where he planned to send his own child to college (aka first four years of university studies). The boy was just eight, one of the friends observed. Another pointed out that there were plenty of good universities.

Lemme tell you guys something,” Mr Biden replied with sudden intensity, according to “What It Takes”, a 1992 book by Richard Ben Cramer . “There’s a river of power that flows through this country. Most people did not even know about this river, while others could only stand by its banks and gawk. But a few Americans, Mr Biden continued, got to swim in the river of power their whole lives, and go wherever they wanted to. And that river, Biden concluded, flows from the Ivy League.” (The league of old universities, covered with ivy, led by Harvard chronologically, where old money and power send its youngsters; now complemented by the top West coast universities led by Berkeley, Stanford and UCLA)

Nietzsche thought that healthy human society, and individuals were motivated mostly by the “Will to Power“. Indeed, no power, no civilization. So the question is not to question power per se, but its exact nature.

Ethological studies on various advanced animals, including primates, confirm the importance of the Will to Power, indeed. No power, no survival. However, human power can be enormously destructive and can’t be directed against the species with too much gusto (otherwise the biosphere will disappear… as it is in the process of doing).

How does one exert power? One can use whips and chains, claws and fangs, but that’s a lot of work, it could be dangerous, against as dangerous an animal as the genus Homo, and all this physical violence damages the slaves.

Ultimately, raw physical violence exerted on most of its individuals makes a society underperform physiologically and intellectually relatively to a society where people believe they are are mostly free. A slave society, where slaves are in chains, is too preoccupied by brawn, the brutal force of physical constraints, thus not brains: it does not become very smart… And thus such a society gets walloped as more brainy societies get more advanced technologically from their higher smarts (including in crucial military technology).

Nietzsche pointed out that the masters of Europe enslaved the people they ruled over with the slave ideology of Christianism, to subdue their will to power… while they themselves didn’t believe in it (there is plenty of evidence of that, including the French Fabliaux, which Nietzsche was unaware of). Other civilization had their own enslaving ideologies, such as Hinduism and its caste system, Confucianism, Zen Buddhism, etc.

The best way for a class to exert maximal sustainable power in a society is thus not through whips, chains, and the police, but by controlling, and even shaping minds. Thus by controlling and shaping the educational system, thus mastering ideas, guiding emotions and dominant moods. This is more basic than just controlling the information space. And this is the essential nature of the US Deep State: it flows from the Ivy League.

Plutocratic Universities Are All About Leading The Sheep

IN LEADERS VERITAS: Harvard “Recruits”… Leaders, to lead the sheeple by the nose. Plutocratic Universities Are All About Generating “Leaders” To Lead The Sheep… The Same Exact Basic Ideology As Nazism (“Führerprinzip”).

The excellence of maximizing profits: Veritas! Forget universal thinking! Harvard with arrogant and revealing stupidity, self-describes in 2015 its fundamental mission, its true and fundamental “Veritas” as “Recruiting“, like an army recruits, the “Next Generation of Leaders“. While Harvard’s famous alumnus, Obama, is sitting in the White House…

Since when is “recruiting leaders” the way to search for truth? This is exactly what the Nazis claimed to be doing. Indeed, the Führerprinzip (“Leader Principle“), dear to Hitler, prescribed the fundamental basis of social organization under Nazism, as the hierarchy of leaders, and education was all about  recruiting these natutally born leaders (and shaping their minds).

The more democratic the society, the more spread-out is quality education. The more oligarchic the society, the less quality education is spread out… and the more important “leaders” get

As a US academic, I was asked to please be lenient with student athletes (they were failing scientific classes). When I complained about such inequities, I was promptly and efficiently blacklisted, no debate necessary.

Student athletics brings up to 80 million dollars a year to some US colleges (2015 dollars; through TV contracts; it’s highly profitable, as the athletes are not paid commensurately).

University tuition is now so high in the USA, even at (top) public universities, that the middle class cannot afford it (except by taking un-extinguishable loans). This is true even at institution such as the University of California which were founded with the explicit aim to provide free education to the most intellectually qualified students, independently of their wealth.

Even those who have taken loans have to be nice with the powers that be, if they want to earn enough to reimburse their loans. The chains they wear afterwards are not made of iron, but of debt.

We are in situation where financial class, and the positive attitude towards the wealthiest, rather than intellectual class, is becoming the selection criterion.

Too much control of the educational system by the powers that be brings the smarts down.

But the powers that be may require a more advanced educational system: this was the case during the Cold War. Or when the Frankish empire required all religious institutions to teach everybody secularly.

Money is a way to communicating power. Although it is not the only way: the law is the basic way to transmit power, and mandatory education is an obvious example.

Massimo said that “the whole system is corrupt”. A leading article in The Economist recently condemned the American university system, saying it was not worth it. It pointed out that employers care not so much about what students learn there, but about the fact they have been selected (to attend select college).

“American graduates score poorly in international numeracy and literacy rankings, and are slipping. In a recent study of academic achievement, 45% of American students made no gains in their first two years of university. Meanwhile, tuition fees have nearly doubled, in real terms, in 20 years. Student debt, at nearly $1.2 trillion, has surpassed credit-card debt and car loans.”

http://www.economist.com/news/leaders/21647285-more-and-more-money-being-spent-higher-education-too-little-known-about-whether-it?

The tremendous propaganda in the USA about issues which profit plutocracy has been made effective by the lack of education of the population.

Education is not just instruction, it can be submission.

***

ORIGIN OF EUROPEAN UNIVERSITIES:

European universities evolved from the Cathedral schools. The latter had been imposed in the Eight Century, by Frankish law, all over Europe. Professors were cleric.

This is why European universities have no police, to this day (they were cathedrals, initially).

However, by the late Twelfth Century, the faculty of art allowed some teachers to not be theologians (Buridan was an example).

The power of universities was enormous then. Abelard used his pulpit at the Paris Cathedral School to oppose the Second Crusade and Saint Bernard. (Abelard’s arguments lost, short term, but won, long term.)

When the University of Paris got its entire body out, it extended from one end of the capital to the other. A year long strike in 1200 CE forced the papacy to authorize the teaching of Aristotle.

By 1300 CE, supported by his English vassal, the king of France, cracked down on the Pope and his army, the Templars. Philippe IV Le Bel’s aides were commoners, highly educated youth without fortune or honorable pedigree.

American universities have a very different origin. Stanford, for example, was founded by a plutocrat who used Chinese workers (who had few rights), to build railways.

***

USA MODEL; PLUTO FUNDS EDUCATION, THUS RULES MINDS:

There is a conscious bias, top down, in the USA against the existence of the CO2 crisis, the reality of evolution, and for the existence of the USA as a “Christian nation”.

The New York Times just discovered it in “A Christian Nation? Since When?” that it is plutocrats in the 1930s who invented the USA as a Christian nation.

Perspective: Islamophobia Is Not Racist

The denialist system of thought in the USA is mostly fed by money. “Climate change” is an example: it is clear that augmenting the greenhouse gases from 280 ppm to 450 ppm (including CO2 going from 280 to 400 ppm), can only have an extremely damaging effect… Especially considering half of the created CO2 goes in the ocean to make carbonic acid… And that last time we had 400 ppm of CO2 sea level was around 30 to 40 meters higher.

There is really no need for “expertise”, in a subject like that, to perceive the danger. Now California is suffering a drought more severe than any time during at least 3,000 years. And it is directly caused by climate change. Restrictions have just started (and are grossly insufficient).

The economy is the management (nomy) of the environment (eco). It does not have to be about “money”: successful empires (Inca, USSR) worked without money, or partly without money (the army and public works in Republican Rome come to mind).

It is clear that, to manage the environment well, one needs knowledge.

However, it all depends upon what is meant by “environment”. If it is about the wealthiest, the USA is becoming increasingly hospitable. And having a dysfunctional educational system helps, as confrontational critiques, which require a lot of certainty, cannot arise.

The USA’s university system is dysfunctional, intellectually speaking, but it is not an accident. It is a system. Just as the GI Bill (which made higher education free for GIs), was also a system. That system went the other way. It was paid for by a 93% tax on high income.

The USA’s university system is perfectly functional if its function is the pursuit of happiness of plutocracy.

Monothinking started deviously, with the so-called “French Theory” claim that all truth was tribal. Thus there was nothing such as THE truth. One may as well embrace Stalin, Castro, Mao… or US plutocracy… and its servant, Islamism. Ultimately it’s the tribe with most wealth, power, US plutocracy, which imposed its truths. So here we are. Welt aufwachen!

Patrice Ayme’

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24 Responses to “PLUTOCRATIC UNIVERSITIES Are NOT UNIVERSAL”

  1. ianmillerblog Says:

    Unfortunately, this problem is not restricted to the US. When I went through University in New Zealand, admittedly so long ago I hate to recall it, the student’s fees were very heavily subsidised, and to keep costs down, the rules were simple: fail significantly and don’t come back. Entrance requirements were high, based on secondary education. Now the Universities have to acquire much more funding from students so they have many more of them, and from what I can gather, the standards are seriously lower. So what happens is that a significant number of graduates emerge, many of whom should not be graduates, and with huge student loans that they will never repay because there are insufficient jobs for the numbers. Now there is nothing wrong with getting an education and having to find a different sort of job than intended, but there is if the alternative cannot pay back the ridiculous debt

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  2. gmax Says:

    Could you please explain in lurid form what brought up the differences between US and European universities?

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  3. dominique deux Says:

    Enslavement through debt is exactly the result, and possibly the purpose, of the pincer-like attack on workers’ wages described by Piketty et al:

    1 Pay the plebs less.
    2 To ensure their meek acceptance, kill (badmouth) unions and extend plentiful consumer credit. (the explosion of personal credit and the divergence of labour and capital remuneration started at the same time, more or less).
    Don’t forget to keep piously harping on the labour market you are disrupting and corrupting with gay abandon.
    In addition to saving on wages, you profit on interest, and most importantly, social peace reigns. Misguided plebs will rampage in worker solidarity for wages, but never protest being thrown into deep indebtedness: it’s their own fault for splurging indecently, as they are told again and again. They’ll hang their heads and starve in shameful silence, one by one. Wonderful!

    The student loan is just a egregious variant of the strategy.

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    • dominique deux Says:

      I forgot another benefit: the economic slump that is being predicted by red commie Keynesians when income shrinks never happens! the poor chumps keep shopping using their credit cards, until they drop (literally).

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    • Patrice Ayme Says:

      Absolutely true. Hence the hysteria about Greece (the threats of Grexit, etc…). Schlaube the hysterical German economy minster, Doctor Strangelove for real (except not a doctor), used to be the beloved colleagues of Sarkozy when they were both minster of the interior. In other words, ministers of the status quo ante Plutocracia Maxima.

      It is clear, zehr klar, that Greece can DEFAULT (I have been advising that for 7 years…). Schlaube and his sponsors know this. A sovereign state can default. OK, nobody will lend to Greece for 6 hours. Ok, so what?

      So, well, if Greece can default, the paranoiac plutocrats rightly assess, students and their ilk may even notice, and ask: why not us too?

      Before you know it, we are back in universal free higher education… And other dreadful, anti Pluto public strategies…
      PA

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  4. brodix Says:

    Patrice,

    Thank you for the compliment over at Scientia Salon. I’m being seriously blocked as well, so trying to edit myself a little more effectively.
    I think the underlaying problem which can be addressed over the course of the next generation, is to reconsider the nature of money itself.
    We have come to think of and treat it as a commodity. As quantified hope, but in reality it is a contract, in that every asset is backed by a debt. As such it is much more of a voucher system, than a store of wealth. The only value is promises made by others and since the banking system is in the process of destroying the very trust that makes the system work, they are cooking their own golden goose and in doing so, sucking resources out of an otherwise overheated economy and actually doing more to reduce global emissions than if they were doing the job of growing this economy, that is their function.
    There was a time when banks issued their own currency and in order to survive, had to maintain trust in its value, but now the Federal Reserve system makes the responsibility for maintaining the system a public responsibility, as much of that money is backed by government debt. While the private banks collect the profits. It must have seemed like a brilliant idea, but it really will prove to be the first step to making banking a public function, with various levels of local, regional and national systems.
    Capitalism conquered the world by replacing indigenous forms of economic reciprocity with external monetary currencies. We need to go back to more organic relationships and learn these financial systems are like processed sugar. Sweet for awhile, but will make us addicted and sick eventually.
    Government used to be private as well, but few are recommending going back to monarchies.

    I’ve emailed Coel and he did respond to one of my earlier ones. I can well appreciate those in the profession safely assume anyone not fully versed in it has to be a crank and I can understand why, but I do think some flawed basic assumptions have been built into the foundations of these ideas and that, not errors made just thirty years ago, are why physics has been spinning its wheels for the last generation. It is a case of reductio ad absurdum, largely of the premise that math is foundational and not simply abstracted from nature. We will always find patterns, but when there are as many patches required to hold the whole edifice together, as there are today, something went off the tracks awhile ago.
    Regards,
    John

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    • Patrice Ayme Says:

      Hi Brodix. Yes, the situation at Scientia Salon is such that even academics such as Coel and me are blocked (“filtered out”) It goes completely against Massimo’s aim to create a forum between “main street” and “Ivory Tower” (an arrogant concept too… And not applicable, as Massimo is pretty much out there, all over society, so not really in the “Ivory Tower”).

      On top of that some scientific writers (Marko, operating from France, I think) are favored (although controversial: comments against his opinions get blocked, and not just mine) while others are dragged in the mud (Schlafy, also a math PhD).

      So I don’t think it will work, and expect Scientia Salon to crash. Meanwhile let’s milk it, while it lasts…

      For me, math IS nature. Maybe not the nature we see, but even then: calculus is in plain sight, quite often. Nature of the incredible brain geometry

      Money creation is private, and oligarchic, right now. It was not so in most of the last few millennia of monarchies.

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      • brodix Says:

        Patrice,

        I would say math is the description of nature. The problem is that nature is also dynamic, while description is static, so there is a tendency to focus on the most distinct/measurable features of amorphous realities, like saying a photon is a point particle. This then lends itself to intellectual convenience, because it is much easier to communicate ideas about the more stable aspects of nature and so after generations of debate, in which the most agreement coalesces around the most stable aspects of nature, there is the assumption this is more fundamental than the fuzzy, indeterminate, softer, amorphous and harder to describe aspects. It would be like deciding the skeleton is the essence of a human, because that is what remains when all else has been boiled away.
        That doesn’t mean the skeleton isn’t extremely important, but the mathematicians are not “showing their work.” They are ignoring all that has been carved away to find this order.
        Then they try reconstructing reality back out of these static concepts and the result doesn’t resemble our experience of nature and so there becomes this platonic duality between the mathematical essence and its imperfect expression and it becomes a modern religion, of those who hold the keys to the Kingdom of Order and Math and the swirling ignorant masses.
        What is lost is the dynamic. Time is viewed as symmetric, because it is no longer thought of as the action being measured, but measurement itself and the measurement is the same from either direction.
        Points and coordinate systems/dimensions are no longer just mapping devices, but metaphysical doors into alternate realities.
        The 0s and 1s of the information are considered more fundamental than the electrons and switches conveying and distinguishing them.
        It truly has become a religion.

        Money is like the blood circulating through the economic body, with the banks as the heart and arteries. Now the banks are insisting they own the money and can keep as much as they want. So we have clogged arteries of blocked flow to the extremities and high blood pressure, as the banks seek to compensate with ever more quantity and pressure, but it only creates more clogs, not more flow to the rest of the economy and the blood thinner the doctor prescribes only causes bleeding in the weaker arteries, not breaking up the main clogs.

        I really can’t make predictions about Scientia Salon. Looking at the world today, I’d say a lot of things might be different by the end of next year. If not this one.

        The Clash of the Titans is coming.

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        • Patrice Ayme Says:

          Hi John:
          I don’t believe the translating photon “IS” a point particle:

          EINSTEIN’S ERROR: The Multiverse

          My point on math: Even if math “described” nature, then, how? With another nature inside? Would not that nature “be” what math really is then?

          The censorship on Scientia Salon is an outrage, contrary to its avowed mission, and ridiculous besides. How can Massimo, a non-physicist, censor Coel, a practicing astrophysicist, on cosmology?

          They censored six of my comments in a row. Talk about wasting time and spontaneity. Consequentially, it’s mostly bland commentary that makes it through. In particular mathematician Schlafy (whom I often disagree with) has been knocked out. His critiques were interesting.

          Banks CREATE money (just as the brain create math, hahaha, but with less inevitability). The government allows banks to be money farmers.

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          • brodix Says:

            The issue is not so much nature, but the process of description, which coalesces around the more stable, static and essentially amenable to to being described aspects, then combined with the natural human tendency to project and imagine, creates “mathology. In the Complexity Theory dichotomy of order and chaos, with complexity as the intersection, math is naturally biased toward the ordered side of the spectrum. I think this dichotomy is somewhat flawed and rather than chaos, which is just disorder, it should be energy/dynamics. Which doesn’t lend itself to easy measurement and confining definition. So the real dichotomy is bottom up expanding energy and top down defining order, whether it is the relationship between mass and energy, or between social energy and civil order.

            Banks only create money if we think of it as a commodity to be manufactured. Otherwise it is the one willing to take out a debt which creates the obligation and banks are only the system of connecting them. When the financiers on Wall Street wanted to create all those enormous leveraged products and disguise the lack of real support obligations, they went to physical theorists from MIT, not their own accountants. Possibly because the physicists think entire universes spring from every thought bubble, while accountants know funny math can get you in trouble.

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          • Patrice Ayme Says:

            John: It is better to not nestle comments too much: they become non readable.
            Good point! Banks employ modern physicists because both believe in universes out of nothing!

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          • brodix Says:

            As for Scisalon, I’m not an academic and so I would offer only a general thought as to the dynamics at work.
            It is the function of university to both expand human knowledge and to give it structural form and order to pass onto succeeding generations. So while there is a very liberal overall mission, much of the internal functions can be exceedingly conservative.
            Definition and limiting are really just different perspectives of the same process of delineation, so what might seem like necessary order from one point of view, can quite legitimately seem like totally arbitrary distinctions from another point of view. Then when you have lots of people working in close proximity, who are focused on their particular task at hand, without keeping this larger sociopolitical dynamic in mind, there will be lots of head butting and territorial conflict.
            So Massimo has to deal with a smart, divergent and strongly opinionated group of commentators, as well as enticing various researchers/professors to submit work to be debated and there are some natural cross purposes. Likely most professors prefer to limit commentary on their work for a number of reasons. For one thing, if can be difficult to isolate out a particular frame or perspective that is both broad enough, insightful enough and focused enough, to gain the attention and respect of their colleagues, not to mention the broader public and so there has to be some editing of input, as well as output.
            Which likely will mean that Scientia Salon may not be long lasting, but it really is an honest effort on Massimo’s part, to tie together such a cast of intelligent and opinionated participants.

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          • Patrice Ayme Says:

            Except, of course, when they have an opinion, or stray outside of what Massimo expects, or understand, and approves of.

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    • Patrice Ayme Says:

      I have written zillions of essays on banks, especially 7 years ago or so. Bankers are, de facto, completely corrupt stealth public officials, free to lend to themselves, friends, & the politicians diverting to banks public money.
      The present banking system: a level of corruption rarely equaled in history.

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  5. brodix Says:

    They are getting a bit more strict. I find it useful not to get too attached to a particular venue, even though there are few good ones. From some of his recent comments, it seems like he is trying to broaden the audience. Time will tell.

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  6. Europe Is Dead, Long Live Europe! And long live US publicly subsidized Pluto universities, too! | Patrice Ayme's Thoughts Says:

    […] Meanwhile, the subsidies to the health care for profit industry, just as the subsidies for US plutocratic universities, have much augmented. Alleluia! We may as well have fun, watching plutocrats soar into […]

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  7. Patrice Ayme Says:

    [To CHE]
    Plutocracy, the rule of evil, and, in particular, wealth, is self-reproducing. Baby plutocrats, like baby crocs, learn early the tricks to dominate the world… The wealthy children are told all the sophisticated tricks, including plotting together, to dominate the 99%
    https://www.chronicle.com/article/This-Is-Higher-Education-s/245578?key=lUtmf4EyiX3iIy8Gt541omG43lsldIwFGJpJYwwC8ZNP0mgIEZfxxLVaKE6yUZ6UYXFDTjY4TExxTzhOZ1dORUpzNzExcHJYV08tWTZ3UE50RXkyYXhDc0RlSQ

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  8. Patrice Ayme Says:

    Monothinking started deviously, with the so-called “French Theory” claim that all truth was tribal. Thus there was nothing such as THE truth. One may as well embrace Stalin, Castro, Mao… or US plutocracy… and its servant, Islamism. Ultimately it’s the tribe with most wealth, power, US plutocracy, which imposes its truth

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  9. Patrice Ayme Says:

    Promoted after associating with previously judiciary convicted and very public child raping evil! Some of my preferred enemies, such as the philosophically corrupt Noam Chomsky, a philosophical double agent, Biden’s CIA chief, Obama administration top officials, top bankers, university chiefs, are on it…
    https://www.wsj.com/articles/jeffrey-epstein-calendar-cia-director-goldman-sachs-noam-chomsky-c9f6a3ff?mod=hp_lead_pos10

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  10. D'Ambiallet Says:

    Opinion  Moral Money
    Plutocrat donors are shaping the agenda at our elite universities
    Big donations such as Oxford’s Schwarzman gift come with big dangers
    BROOKE MASTERS JUNE 20 2019

    Harvard University’s main library, donated by Eleanor Widener in honour of her son, who drowned on the Titanic © Alamy

    Back when I attended Harvard University, one of the odder graduation requirements I faced was a mandatory swim test. We were told the demand was a legacy of Eleanor Widener, who had donated the school’s main library in honour of her son, class of 1907, who drowned on the Titanic.

    The story turns out be apocryphal, but we believed it. Our lives were shaped by the hands of dead donors. We slept and ate in halls built to realise Edward Harkness’s dream of replicating Oxford in America. We took classes in a science building funded by Polaroid camera inventor Edwin Land, that resembled his creation. We even swam the required 50 yards in a pool named after donor John Blodgett.

    Since then the influence of plutocrats on US universities has only grown and it is expanding to the UK. This week, Blackstone boss Steve Schwarzman gave £150m to Oxford university not long after quant investor David Harding handed £100m to Cambridge.

    Given how much money has been concentrated at the top of our societies in recent years, it is very good news that some billionaires are starting to give back. Mr Schwarzman’s donation set a modern-era record for Oxford, but it doesn’t even make the top 50 on the list of global gifts compiled by the Chronicle of Higher Education, dwarfed by the $1.8bn that Michael Bloomberg gave to Johns Hopkins in 2018. It isn’t even Mr Schwarzman’s biggest outlay: he gave $350m to Massachusetts Institute of Technology last year.

    In this, the private equity titan is following in the footsteps of the robber barons whose 19th and 20th-century donations helped transform higher education institutions as far-flung as Chicago and Makerere in Uganda. Many research universities are great today thanks to the munificence of the Rockefellers, Carnegies and Vanderbilts of yesteryear.

    But with big cheques come big dangers and hard choices. Alumni loyalty and a desire to set the agenda means that donated money clusters at universities that are already well funded and serve the elite. Giving often exacerbates inequality rather than easing it. Business schools are invariably better endowed than teachers’ colleges. And Harvard has $39bn, 60 times as much as Howard, the US’s best-funded historically black university.

    Some big donors are trying to solve the problem by targeting poor students rather than endowing buildings. Mr Bloomberg’s donation will allow Johns Hopkins to admit students without regard to ability to pay, meeting their financial needs in full with grants rather than loans. Robert Smith, another private equity billionaire, recently promised to pay off the loans of the entire graduating class at Morehouse College. Hong Kong tycoon Li Ka-shing is funding the entire incoming class at Shantou University in Guangdong province.

    But most donors want something concrete to point to: a building, a programme or a professorship in a pet subject. In some cases, they want their children to be admitted, which perpetuates the unfairness. Mr Schwarzman is shelling out for MIT’s new Schwarzman College of Computing and a new humanities hub and an institute on artificial intelligence at Oxford.

    Most university administrators believe they can direct donations into things that they already want. But how useful will some of this stuff be in 20, 30 or 60 years? We should remember the experience of Philadelphia’s Barnes Foundation, which ended up going to court to break restrictions put in place by its founder in 1922.

    Critics worry whether we should be letting business moguls shape our intellectual agenda. Tech entrepreneur Martha Lane Fox objected to the Oxford gift on Twitter this week, saying that the money should be used for climate crisis work. “Something is broken with these models of philanthropy,” she told me. “The greatest challenge of our time is whether we will have a planet in a decade. That’s where we have got to be focusing our attention.”

    We should not forget the wider backdrop. Many universities are desperate for donations in part because of government cuts to higher education funding. And those governments are cash-strapped precisely because many companies and billionaires do everything in their power to cut their tax bills.

    Mr Schwarzman is a particularly vocal defender of the “carried interest” tax break that enriches companies like his. And don’t forget, many of these donations are tax deductible. So we are all helping to pay to put Mr Schwarzman’s name in lights at Oxford. Perhaps it would be fairer if he paid more tax.

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  11. Patrice Ayme Says:

    Debating everything from all angles would be what should happen if the universities of the Anglosphere didn’t have as mission to preserve the established order.

    But they do, especially now that increasingly money is viewed as everything: it’s not just a question of paying mortgages for overvalued real estate.

    In the US, if one does not have health coverage typically from an employer, one dies. My spouse just had a hip replacement (from an accident). We have extremely expensive 3K/month health insurance, but are self employed (we used to work at a number of universities and companies).

    So we have to pay out of pocket more than 10K (the procedure is billed as more than 100K). Not everybody can do that.

    Generally university health plans are cadillac style: everything covered. So university professors are desperate to keep their jobs and please donors. And for many, that’s all they do.

    A good friend of mine got 3 million for his chair as head of an anthropology department… From a founder of Patagonia… But that’s just one aspect of his constant befriending of the higher ups… And that influences research: I am CO2 oriented on the disappearance of dinosaurs… He is not… Although main editor at Science… A CO2 explanations is not donor friendly… The same unversity, one of the world’s most famous, but also in financial difficulty, recently got a 50 million dollar donation from an oil major…

    Even more amusingly, this university is viewed as PUBLIC (it’s part of the largest public university system in the US). Not private like Stanford or Harvard…

    So who wants to debate what already?

    PLUTOCRATIC UNIVERSITIES Are NOT UNIVERSAL

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