Good question. I don't think the system has the ability to pull back - they sincerely don't know what's important and what isn't - a hard problem even in smaller orgs that can't print their own money. Collapse of various universities much more likely than slimming down.
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That's the pinch that's been accelerating since the late 60s - they can't help but shrink the pie because efforts that shrink the pie also are what they need to secure their slice. Imagine what it would be like to rule a 1960 demographics NYC in 2020 - that's what they gave up
End of conversation
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