Elite colleges hoard seats, fix prices, and capture government aid. Even worse, they increasingly produce shoddy research that can't be replicated, and the research that can be replicated often isn't particularly groundbreaking.
Breaking up elite colleges to fix anti-competitive conduct and the basic research bottleneck is a super high leverage solution for longterm progress. I'll be writing more about these ideas going forward, but I just wanted to introduce myself and my substack with this forum post.
I suppose all your points would be satisfied as long the breaking up of colleges happens in a to me pretty reasonable way e.g. by not forcing the new colleges to stay small and non-elite? I understood the main benefit of this to be to remove the current possibly suboptimal college administrations and to replace them with better management that avoids current problems.