Academic outcomes are nonlinear. Outside of the job-training-ified fields like engineering, there is seldom a direct "I studied X and then made a ton of money doing exactly that". The success stories, like Tolkien, are more like, "I studied X, then I lost a finger in the great war, then I typed up a manuscript of a children's fairy tale, fast forward 100 years and it's worth untold millions." It is a winding road. All that is gold does not glitter, not all who wander are lost.
And you can't just equate societal value with "how many people consume it". An academic paper is often as valuable as a tool for crystalizing thoughts in the mind of the author as it is a tool for communicating to the reader.
I kind of feel like you are missing the point of academia.
Regardless, what makes money and what's good for society are orthogonal, and sometimes outright at odds with each other. Certainly, it's easier to make money via evil than make money via good. And, certainly, economy is flexible - it can be anything. We can have a strong economy making trains, if we want. "Free market" capitalism is not the sole economic system nor is it the most efficient. It seems China has a much more efficient economic system.
I argue higher education is good for society, even if it doesn't make money. Critical thinking is vital in decision making, and the humanities have a bigger emphasis on critical thinking (yes, really). Software engineering is "hard", but not really. Literary analysis is a different beast which requires a different kind of intelligence, one that is lacking in STEM.
You cannot go to point Z without first going through A-Y. You cannot write legislation, make movies, make music, or do just about anything outside of engineering without first understanding literary analysis. Context, themes, critical thinking, taking an idea and making it into a thing that conveys that idea - that is what the humanities is.
It easy for me to say "learning about Shakespeare is useless!" But if we did not, would those highschool kids be able to read legislation? Would they even be interested in doing so?
The same principal applies. Much of schooling is "useless", as in on it's own it does not produce value. But it is a stepping stone to things that DO produce value.
You learned your times tables so you can pass Calculus 2, which you never use, so now you can be a software engineer. And you got there by problem solving, not by learning to code. You remove a piece from the Jenga tower and it crumbles.
People often misunderstand what they do or what things are for. Literary analysis is not for understanding what Proust is saying. No. Literary analysis is for understanding what EVERYONE is saying. Higher education is not for a job, for a degree, or for graduation. It is for learning to learn. If you don't know how to learn you are no better than a tree or a dog.
You generally want a few scholars on low burn keeping the knowledge alive and contemporary. The idea that something can be studied in totality and then put away safely across generations is farce.
First, you seem to be addressing the weakest form of their argument, not the strongest. It's reasonable to understand that some disciplines become obsolete or outdated.
Second, you framed your point as a rhetorical question with an obvious answer. At best, it waste people's time on a low latency communication platform, at worst, it is condescending and a common from of trolling.
In my experience, effective communication means addressing the strongest interpretation of what they're saying, and cutting to the chase by bringing your strongest most relevant points.
This is how you turn your society’s intellectual storehouses into propaganda. Lost to the West, about how Byzantine scholars preserved Roman knowledge through to the Enlightenment, is worth picking up.
What I believe you are saying is that the "popular" researchers will get ad-spend to fund their "research" that won't be peer reviewed. Why even bother publishing research, if no one reads anymore? It would just devolve into a popularity contest and following trends. Those trends will just be co-opted by monied interests.
The esoterism is due to the fact that there is a body of research that you need to know to understand the new research. Just because you can't understand the topic in a short sound bite does not mean it is not worth researching. Not all of the research is intended to be consumed by a lay public either.
Many podcasts and Patreon exclusives are behind paywalls and there is no expectation of peer-review.
In regards to calling this a "college model", not all research is done at college there is also thinktanks (institutions) and industry research which are funded by governments as well.
I think governments should be accountable for making sure the research is rigorous, has a social benefit, and is publicly available.
Forgive me, but I do not think that is a considered position. I think it comes from bigotry
Proust, Elvis, Snoop Dog, and Satoshi Nakamoto are all important to our culture as it is.
It is important to understand culture and society to be able to have meaningful social policy. Social policy that makes good use of our tax dollars
They could instead produce lectures for society - "podcasts" - and continue their mind-numbing paper writing, if that's truly what they want to do all day (hint: no they don't).