A Harvard Business School professor recently predicted that up to half of all American colleges and universities will go bankrupt in the next ten to 15 years. While this may be a worst-case scenario, universities have for years been offering an increasingly inferior product at unsustainably high prices to an ever-more skeptical group of prospective students. Many institutions below the top tier are scrambling to respond to the collapse of the higher-education bubble by jettisoning the liberal arts and pumping up the practical ones: health care, computer science, business, and other technical fields that promise to yield jobs immediately after graduation. This approach has been employed in a particularly crude and short-sighted manner at the University of Tulsa, where a new administration has turned a once-vibrant academic institution with a $1.1 billion endowment and a national reputation in core liberal arts subjects into a glorified trade school with a social-justice agenda. Our story is worth telling, because we have been hit by a perfect storm of trends currently tearing through the American academy: the confident ignorance of administrators, the infantilization of students, the policing of faculty, the replacement of thinking with ideological jargon, and the corporatization of education.