Harvard is a well-chosen target—not only for its prestige and wealth but also because it has a lot to answer for. Its failure to control antisemitism on campus is only the most recent example. Harvard is the wellspring of DEI madness: Justice Lewis Powell’s controlling opinion in University of California v. Bakke (1978), which established “diversity” as an excuse for racial discrimination for the next 45 years, was based on what he called “the Harvard College program.”
Harvard’s defenders say that much of what the university does is worthwhile, and that is no doubt true. But what is the public interest in propping up the conglomerate known as Harvard Corp., which refuses to shut down or reform departments and subsidiaries that are a public menace?
The educational crisis of 2023-25 refreshes the lesson of the financial crisis of 2008-09: When we treat an institution as too big to fail, we invite moral hazard.
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