From The Atlantic, an anonymous article by a Professor X, who teaches English 101 at a couple of unselective colleges to people who can't learn to form coherent paragraphs:
The idea that a university education is for everyone is a destructive myth. An instructor at a “college of last resort” explains why.
Much of modern higher education today has many of the hallmarks of a pyramid scheme -- Elite English professors were paid by Professor X. (via grad school tuition) to get his Ph.D. which is only good for teaching the unteachable -- except that nobody's getting rich.