My favourite bit in the Eagleton piece that Natalie links to below is this:
British universities, plundered of resources by the bankers and financiers they educated, …
Does it not occur to Eagleton that perhaps the British universities that all these wicked bankers and financiers attended educated them rather badly? While at university, Britain’s future financial elite were taught to accept a false view of the economic world. Now this elite “plunders” (as in “cuts the government grants of”) its educators.
The educators educated the elite. The elite screwed up horribly, and now the educators are getting screwed themselves. The educators are appalled at this terrible ingratitude, this horrible injustice. What have they done to deserve this? I say: quite a lot. You teach financially ruinous ideas. The people you taught them to turn round and ruin you. I say: it serves you right. I say: that’s just about the most perfect punishment there could be for what you have been doing.
My only worry is that things are actually not as bad as Eagleton says, and that Britain’s universities are in fact not being punished nearly enough for the financial ruin that they did so much to unleash upon the rest of us.