Let the colleges fail

The U.S. is known for having exceptional private business enterprises. It is the prime mover in creating the most powerful and bountiful economy in history and also for having great colleges and universities. Its schools dominate world college rankings and draw students from throughout the world. Yet American universities are facing a dramatic decline in public support. This is manifested in lower enrollments today than a dozen years ago and widespread threats to their funding, as both the Trump administration (via threats to revoke tax exemptions, reduced research support, etc.) and Congress pose what some college leaders deem existential threats...