@Cue7 , would you ever entertain the thought that a different conclusion could be drawn from the disparity between UChicago’s rank and its endowment: viz. that a huge endowment is not the necessary condition of a great University? That disparity could be telling us that Chicago can be successful in its own terms rather than forever trying and failing to be HYSP.
Look, no one would deny that a larger endowment for the U of C would be a good thing. I merely make the modest point that the pathways to a great University are more diverse than that; that your rigid Marxist-turned-upside-down analysis leaves out way too much. I am more inclined as a Weberian to see a cultural preference lurking behind all our pretense of dispassionate analysis. You are frank to indicate a preference for wealthy students, wealthy alumni, and wealthy universities. That’s how you rank universities. I see wealth as neither inherently good nor inherently bad. I want to know what’s happening inside universities - as I do individuals. That’s how I rank them. More importantly, that’s why people are drawn to them.
Great wealth can be a blessing, but it can also be a burden. Kids who come from modest wealth can accomplish much, very often much more than those born to it. They can be good, wise, happy, in a plethora of ways. There is no single invariable formula for success in the lives of all us multitudinous idiosyncratic human beings. If there’s room in our world for so many qualitative judgments of almost everything else, why must there be only one model for our elite educational institutions?
We will see whether your predictions of the future failure of your alma mater hold true. You have been making those predictions virtually since you left the place two decades ago. They have not so far panned out. Permabears are eventually right, however. As Gibbon described when we read him in HUM 2 and Wesrern Civ, all things great decay and fall. Why not the University of Chicago? Come to think of it, why not Harvard? Why not Stanford? In the end we will all be dead, a famous man once said. He was right.