This is the most concise statement I've ever seen of the sickness at the heart of the academy. By and large, and with a few heroic exceptions, professors don't value instruction. It's why I was told my ambition to improve the preparation of engineering graduates through better instruction was a fool's errand, "career suicide" in my advisor's words. And it's why I took my Ph.D. and left academia. This attitude is going to come back and bite them when the marks wise up.
I've seen it myself...groups whither and disappear due to lack of funds.
I'm not sure how much can be done at the teaching level, but like you, it's something I'd also like to help correct.
Yes, college graduates do better then non college graduates which is why those people still do it. But since they are paying a lot of money, university literally owns them more then just "you are a distraction".
True enough. My Euro-centric brain didn't consider this. Even in Europe actually, non-European students pay a lot to join a course.
My sense is that American unis do offer some "value for money" when compared to European schools, through flexible options for minors and majors, and grad school. Maybe the teachers are still poor though.
I'd suggest that faculty don't want there to be a low emphasis on teaching, it's just that there aren't enough resources to do the critical tasks first. This is bearing in mind that teaching duties are always fulfilled either way (just not to the satisfaction of some people).