Much of Britain’s industry has disappeared. The recently vaunted financial sector is in disarray. But British universities remain world leaders. The conditions that have made this possible included, in the past, a loose, egalitarian organization, substantial autonomy for scholars and teachers, and a generous esprit de corps. Yet instead of preserving this distinguished and successful sector of British life, both Labour and Tory governments seem bent on rearing hierarchies, crushing autonomy, and destroying morale.