I feel differently from most people in this thread. Academia is not industry, and is not really driven by a capitalist market. You can debate that philosophy, and many other theoretical fields, have very little value in the market, and perhaps they do. But in reality, the richest countries are the ones that have strong research curriculums, with people studying things that are not immediately beneficial or even usefu…
Having a lot of professors living on the public dime and not contributing anything back is the effect of a rich (and decadent) society, not the cause .
Since most of us on Hacker News work in some form of technology, I'd say its in our economic interest not to apply terms of moral condemnation like "decadent" to forms of society that generate more demand for our skills ;-).