Reducing to "is" or "isn't" doesn't help understand the problem or come up with viable solutions.
For God's sake, it will even kill custom software development which most people sitting here, do for a living - because it is the same exact thing - vast majority of clients never get what they want and even if they did they won't be able to make the money on the useless "products" they invented, because this is nothing but a systematic delusion that's moving them. Almost all of them see themselves as genius inventors of the next world-changing thing but they are in fact random nobodies who raised cash from other random nobodies, to waste it on something that makes their contractors laugh so badly they even refrain from doing video calls. It's even worse than higher education. I seen multiple software dev companies throwing lavish parties on the April Fool's day as "professional holiday of our clients".
Should we first look at ourselves in the mirror before blaming the college cabal for doing the same as we do ourselves, just more successfully?
You seem to have doubled down on the is/isn't perspective and demonstrated what I was referring to. The more you reduce the less useful your reasoning becomes.