As an aside, I've worked with plenty of academics and while I sometimes thought their research area was stupidly low stakes, the only researchers that I thought were truly wasting time were the ones that had to do research for a medical degree. Basically forced research.
Now I went to a premier university and I'm friends with some smart cookies, but I don't buy for a second the overall theme of this comment chain. There is a reason the West is incredibly wealthy and it isn't because our best and brightest are faking it.