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You know what a college president does these days?
Raise money. The provosts and the deans steer the college and set academic policy.
They are pulling from the business community rather than the academic world because the business people can garner more and bigger donors.
Some areas of study, particularly in the humanities, do not have a real-world equivalent. Many people believe that makes them worthless. If you can't sell it, trade it, eat it, or have sex with it - it has no value. Is that the kind of world we want? One devoid of art, music, thought, understanding, contextual awareness?
On the side of the Acropolis, the Seven Muses ruled over the arts and sciences - without distinguishing one as more important than the other. It's a debate that was settled thousands of years ago.
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