The “elite” universities are hedge funds with classrooms attached.
The elites have become the new aristocracy with the same level of the French nobility just prior to the French Revolution, they are useless and heartlessly evil all rolled up into incompetency
Agreed. They have billions of endowments. Harvard has over 50 billion. The “elite schools” are anywhere from there to 10 billion. Their endowment management team might be larger than the math and science departments.