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At some point in or before the last century, the university system and the subsequent "intellectuals" chose a path not prescribed by scripture. Scripture says,

Trust in the LORD with all your heart; and lean not unto your own understanding. Proverbs 3:5.

The university system began as missionary and bible colleges, Harvard being one the first ones. The problem can be seen in the change in these institutions and overall culture from Christian and missionary training grounds to spawning grounds of secular humanism and a spirit of anti-Christ.

Why? Because apparently at some point in the "higher education" process, man feels he knows so much that he no longer needs to trust in the Lord with all his heart because he can safely lean on his own understanding which he believes now to be so vast. So what’s at work here? The ultimate downfall of a man: pride. It's downhill from there with all the accompanying (and deadly) parade of horribles we see today

Prosperity and knowledge are gifts from the Lord that man is extremely capable of turning into a curse. Sad but true. The ultimate solution is what will soon come to pass: Christ Himself will descend with a shout and He Himself will reign on earth as King of Kings and Lord of Lords. The one who is meek and lowly of heart will be Master of all. What a day that will be. In the meantime, may He be Master of our hearts.

FYI, I say all this always asking for God’s grace because I am currently a law student at one of these universities. Again, money and institutions of higher learning are not evil of themselves: it's how they filter through man's heart and into his actions that's the problem.