Continuing our discussion of his new book, Economic Facts and Fallacies, Thomas Sowell turns his gaze to the American academy.

“Many people think of non-profit organizations [such as colleges and universities] as free of selfish motives and therefore dedicated to the well-being of others, including society at large….[T]hat assumption is seldom subjected to empirical tests.

“Nor does it survive such tests very well when it is.”

A little over five minutes of the gloriously withering Dr. Sowell.