These forces, in turn, were accelerated by the increasingly winner-take-all dynamics of the economy that were unleashed by the demise of traditional industries and regulations.
Starts with explaining how in the 1980s and 1990s, in elite schools (e.g. Harvard), there was a shift in focus from producing good corporate employees to the following:
In particular, the choice to valorize disruption and innovation sits uneasily with both the actual process of university education and the needs of careers that people will actually have. It’s also bad for society on net.
Having an institution geared to producing really top-rate people who play within the system is not going to set the world on fire, but maybe we don’t want a world on fire.
Musgrave argues that this hyper focus on growth creates instability because most of the students that leave these institutions will need to be involved in maintaining businesses rather than being the one a handful of big innovators.