It is, but in traditional shareholder owned companies have mechanisms to deal with this, and is less detrimental to society. If the owners are fine with shitty

It is, but in traditional shareholder owned companies have mechanisms to deal with this, and is less detrimental to society. If the owners are fine with shitty profits, they can let things stand. If they are not, they demand change and can get it because they have control over the company. In publicly traded companies even minority shareholders can have an impact. Universities are a bit like corporate squatters though, or even monopolies, they sit on some intellectual real estate that is incredibly overvalued and does not easily scale, and refuse to provide what society expects of them at reasonable quality and price. The solution is actually quite simple, we should reduce the value we place on university educations, especially from these captured institutions which are the most prestigious.