Government contribution made it possible to get my degree for free basically. We don't have a student loan bubble while still having a pretty high educational standard, even if that suffered in recent years.

We might not have the most tenured professors though, since those a drawn to centralize in institution with high prestige. But with the free flow of information today, this centralization of excellence becomes less important.

But anyway it probably isn't a problem with too much/too few government intervention and more of a problem of intervention being constructive or not. Bad intervention is probably worse than no intervention, I agree.