I know a university is a good thing. You meet your mentor, friends, and colleagues. It nurtures human knowledge, and updates and creates concepts for future generations.
On the other hand, a university is an institution. It harbors its members, while rejecting others. I know people whose lives have been crushed because they could not enter the universities they wished. There are the pompous and self-important types who just pride themselves on being or having been a member of a particular university. Since any institution has its elements of malice, and since we are living in the internet era, let's do what we can to promote the goodies and discourage the vices.
Imagine no universities. On the internet, you can access to endless sources of academic information. Do we really still need institutions whose members are limited, due to physical constraints, which have no significance in the internet era? Why don't we tell the kids that they can explore the universe of knowledge without necessarily belonging to a particular institution? Why don't we encourage the crushed people that they don't have to feel inferior because of some stupid entrance exams taken at the age of 18?
Why don't we say loud that knowledge is open, for everyone, for someone from the street, as well as for those in the "ivory tower"?
Imagine no universities.
You just need to know how.
The tools are here and now.