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Doug Bowker's avatar

I have to say, this line made me chuckle: "if Harvard annoys the people of your country enough—especially your wealthy elites—then its 50-billion-dollar endowment will not save it.” Really? I dunno, even 25 billion can go a looong way, even just sitting in investments.

Either way, that's quite a leap to compare a moment 400 years ago, when an absolute monarch dissolved English monasteries, all for a land and income grab to finance his "majesty's" war adventuring. From Wiki: "Once the new and re-founded cathedrals and other endowments had been provided for, the Crown became richer to the extent of around £150,000 (equivalent to £102,817,100 in 2021), per year."

It seems to me this type of action is quite literally the reason for declaring independence from the Crown in the first place, no? We Yanks prefer to vote with our feet, thank you very much, and really: "dissolving" is the type of nuclear option that is not very helpful in the long run. Only kings, professional revolutionaries and children think smashing their toys is a good idea.

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