I’d prefer that the market, not the government, decide what degrees are offered.
There is certainly "no market demand" for psychology, sociology, mythology, gender related studies of various types, racial studies of various types, climate "science" and similar environmental garbage, public administration, and a plethora of other mind-numbing collegiate wastes of money.
"No market demand" means that made-up government positions for such brain-damaging curricula does not qualify as "market demand".