You would fall into the "of the world" camp. There are others, a relative minority but prevalent everywhere, that don't want to be a part of this, nor want their children involved. You will likely never interact with them, and their thoughts and feelings will never reach you -- but that doesn't mean their worlds are inane (or rather, more inane than any other).

The deterioration of quality within the "elite universities" is self-evident if one goes by more nuanced measure than "how high up the industrial and political ladder" its graduates reach. What the contrary is, is a matter of values that I will not be elaborating upon (this conversation has become tiring).