The tide has turned against elite universities — and it’s about time

Frida Ghitis: Elite American universities engaged in unethical, illegal and suicidal practices.

She says they have engaged in economic, political, social, social and cultural practices that were often unethical.

Ghitis says universities have little leverage to return to original mission of offering rigorous, meritocratic, disinterested education.

Congress may soon pass legislation that will tax multimillion-dollar endowments at somewhere between 15% and 20% .