Think I'm tough on academia? Read Tony Grafton:

… traditional subjects and methods seem to retain their educational value. Nowadays the liberal arts attract a far smaller proportion of students than they did two generations ago. Still, those majoring in liberal arts fields—humanities and social sciences, natural sciences and mathematics—outperformed those studying business, communications, and other new, practical majors on the CLA…

Our great, democratic university system has become a pillar of social stability—a broken community many of whose members drift through, learning little, only to return to the economic and social box that they were born into…

But those already born into the wealthy and professional classes benefit disproportionately from the best educations. Acquire any sort of college education, and you’ll make more money than you would have if you didn’t. But don’t expect you’ll make what you would have if you had studied applied math at Stanford…

Americans, as Malcolm Harris recently pointed out, now owe almost a trillion dollars in student loans, more than they owe in credit card debt. Student debt, he explained, “is an exceptionally punishing kind to have. Not only is it inescapable through bankruptcy, but student loans have no expiration date and collectors can garnish wages, social security payments, and even unemployment benefits.”…

 Still, the dark hordes of forgotten students who leave the university as Napoleon’s army left Russia, uninspired by their courses, wounded in many cases by what they experience as their own failures, weighed down by their debts, need to be seen and heard. Perhaps some of those who write seriously about universities could stop worrying so much about who gets into Harvard, Yale, and Princeton and start worrying about the much larger numbers who don’t make it through Illinois and West Virginia, Vermont and Texas.