Business Week has an important piece about the growing wealth of “Ivy Plus” (the Ivy League, plus Stanford and MIT) universities.

Called “The Dangerous Wealth of the Ivy League,” the article examines the growing wealth gap between Ivy Plus-schools and public universities, especially with states freezing or cutting their support of public higher education.

More than before, impressionable students and ambitious parents have come to view college as a form of conspicuous consumption. …The increasingly plush Ivy Plus model casts into sharp relief the travails of America’s public instituions of higher learning, which educate 75% of the country’s college students. While the Ivies, which account for less than 1% of the total, lift their spending into the stratosphere, many public colleges and universities are struggling to cope with rising enrollments in an era when most states are devoiting a dwindling public share of their budgets to higher ed.

The wealth gap between the Ivies and everyone else has never been wider. The $5.7 billion in investment gains generated by Harvard’s endowment for the year that ended June 30 exceeeded the total endowment assets of all but six U.S. universities, five of which were Ivy Plus.

One consequence of the wealth gap: Ivy Plus schools are increasingly able to raid public universities for their best and brightest scholars. Moreover, Ivy Plus schools are able to fund campus expansions and research ventures that public universities can’t in the current budget climate.

When Business Week asked Drew Faust for her thoughts on this phenomenon, she responded that non-Ivy Plus schools should “really emphasize social science or humanities and have science endeavors that are not as ambitious” as those of Harvard and its peers.

Ouch. One knows what she means, and good for her for tackling a tough question, but it’s very hard to make such a remark without coming across as patronizing. Nice little public schools, you should build up your creative writing departments. And a pat on the head to go with it.

The question that Faust’s response begs, I think, is—well, there are more than one. Do rich universities have any societal obligation to poorer ones? (Because after all, not everyone can go to Harvard.) Is it a good thing for scientific research to be so heavily concentrated on seven or eight campuses? Does such a concentration benefit the universities involved more than it benefits the average American, who is, after all, generally paying for this federally-funded research? And what happens to a place like Harvard when it becomes so heavily financially oriented toward big science? How does that focus change the university and turn it into something quasi-educational, quasi-corporate?

As so often seems to be the case, one gets the sense that none of these big questions are publicly discussed at Harvard….because to express any reservations in public might slow down the money train.