Undergrads are a cash cow to finance graduate research, what they get in return is not terribly important to most schools
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Country clubs make all sorts of odd decisions because they need to charge very high dues to stay exclusive but most members don't especially care what they do with the money. Similar mechanism.
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Just caught up with an old colleague and compared our parents - it seems like the Boomer generation is engaged in massive wishful thinking that their children will save the world via unspecified magic
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They believe that their children are better and wiser than they are because it absolves them of responsibility to do anything about the huge and growing problems they're passing along, not because their children are actually magic.
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