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The university is one of various funding structures by which people who want to do theoretical work stay alive, the same way that people go to grad school, not because they think it's going to change the world but because there's no patron system anymore, and they need some scaffolding of support while they're trying to figure out how they can proceed in their lives. I think that's utterly legit. A lot of our better theorists and thinkers, that's what the university is for them.
