No he is saying that there is a slight flaw in the logic that: 1, An educated population is good for society. 2, Education happens by going to university 3,

No he is saying that there is a slight flaw in the logic that: 1, An educated population is good for society. 2, Education happens by going to university 3, People that don't want to study hard and become doctors/engineers/scientists can go to university and do media studies. 5, Since they have been to university they are educated and therefore good for society - see 1. 6, Since more people want to do media studies than chemistry the chemistry depts are be shut down to increase funding for media studies.