Dr Terence Kealey highlights the reasons as to why American universitites are superior to ours, and other economically advantaged nations. He states that the aim of all universities must be to move away from state dependence to independence, with there being an urgent need for their endowments to be restored to assist in this move.
The best universities in the world are independent, but in the UK we've made the mistake of allowing governments to fund - and therefore control - the universities directly. The Higher Education Funding Councils should be abolished, and the universities should be freed of state control. The HEFCs' funds should be transfered to needs blind funding agencies to allow students, regardless of background, to access higher education on the grounds solely of merit.