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[–] prodigyx 1 point 2 points (+3|-1) ago 

Yes. But in the interest of making money, some colleges build state-of-the-art facilities to attract both high level researchers and students.

It is similar to the pharmaceutical industry. Do they market unnecessary drugs to people and doctors in an effort to make more money? Definitely. But that money enables them to research and cure actual diseases.

Both are a necessary evil. The real question is, at what point do the evils outweigh the benefits?