| The donors who initially pushed Harvard to better tackle the antisemitism problem, like hedge fund manager Bill Ackman, seem to have realized that the university’s problem is not just one single administrator or young people embracing Hamas-apologist ideas. “I came to learn that the root cause of antisemitism at Harvard was an ideology that had been promulgated on campus, an oppressor/oppressed framework, that provided the intellectual bulwark behind the protests, helping to generate anti-Israel and anti-Jewish hate speech and harassment,” wrote Ackman. But also: “The cost structure of the University is out of control due in large part to the fact that the administration has grown without bounds,” he adds, and “the price of the product, a Harvard education, has risen at a rate well in excess of inflation for decades.”
“What other successful business do you know that has grown the number of customers it serves by less than 20% in 35 years, and where nearly all revenue growth has come from raising prices?” asks Ackman, diagnosing a far bigger problem.
Some may counter that there are some 1,576 public and 2,160 private colleges and universities in the U.S., so why does this one get so much press attention? Many college students’ brains went to woke mush a long time ago, so who cares that student groups LARPed as foreign policy experts for all of 15 minutes?
I think dismissing it all as inconsequential is wrong. For better or worse, Harvard graduates steeped in DEI ideology have gone on to infect all kinds of other industries with their foolish ideas. And, if the 30-year-olds haven’t risen in the ranks enough at present, they surely will in the future: In 2021, 41 of the companies on the Fortune 500 list were helmed by Harvard alums (Amazon CEO Andy Jassy and JPMorgan Chase CEO Jamie Dimon, for example). If the fever breaks at Harvard, as Ackman and others seem to desire, that will have ripple effects.
My only question is why it took a decade for powerhouse donors like Ackman to realize what was going on. If someone had been minding the store, Gay would never have been hired in the first place.
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