I've been in industry and academia.

My experience is that incentives within the two are converging: monetization drives all activities.

Higher ed is allowing professors to slump teaching responsibilities - as it has for many years - in favor of high-flying research. What is new is that now: entire departments struggle to find chairs or people to run basic functions at teaching or research levels. Professors are rarely on campus except at the bare minimum and are largely diverting resources (people & research) to their companies.