HIGHER EDUCATION BUBBLE UPDATE: Donors get wise: “Donors are increasingly aware that universities routinely (and unfortunately) perform a bait and switch. Grants to study free markets create self-sustaining hives of academic Marxists, gifts to create Christian lecture series turn into annual celebrations of atheism, and grandchildren watch in horror as their grandparents’ wealth is used to fund, advance, and sustain values their grandparents would find abhorrent. Simply put, the ideological monoculture has proven that it can’t be trusted with donor money, so savvy foundations are looking for ways to fund education without funding indoctrination.”

Well, if donors can’t trust universities to spend money as promised, they’ll try to find ways to make those promises enforceable. If they can’t do that, they’ll just find somebody else to give money to, or they’ll keep it themselves and not give it away at all.. Is that better for higher education? Also, don’t invoke “tradition” in defense of your perks. Tradition is supposed to be an outdated straitjacket, remember?