The article is blaming the school administration, a parasitic entity that's very different from the academics you're talking about.
It's also clear that the increasingly bloated administration is horrendously inefficient from a free market POV, but what's happened here is not a free market, but regulatory capture: the administration makes the rules and spends the budget to benefit itself, squeezing out both teaching staff and students in the process.
It's also clear that the increasingly bloated administration is horrendously inefficient from a free market POV, but what's happened here is not a free market, but regulatory capture: the administration makes the rules and spends the budget to benefit itself, squeezing out both teaching staff and students in the process.