I like the word scientism, but what he describes is really academic scholasticism. Maybe we should call it neo-scholasticism. The practioners of this profession is the same old "learned doctors." They make their living by selling (in this field "selling" means "teaching") the knowledge they have hidden in a proprietary language. Academic education is a ponzi scheme. You are forced to pass formal exams in order to gain the right to enter the next level of exams. When there are no more exams to take you are given a piece of paper and thrown out of the system. This is an exaggerated and pessimistic view but it has some truth in it.