I have no idea how they handle things in say China, but at least here it’s quite obvious that the point of university is more or less to prepare students for life in general rather than just get educated. Education is of course the grand goal and at least here in Finland universities get some significant amount of money from the government for each graduating student, but your first sentence is still dishonest argumentation at best.
Besides, the GP is talking total nonsense in general. Everyone I know outside the US looks up to your college sports scene in admiration since it looks like an awful lot of fulfilment and fun on top of studies and produces a massive amount of successful athletes in all kinds of sports. We’re envious of it, nothing more. Your country is and has been home to the most innovations and set a positive example to the rest of the world for decades and decades now, and frankly saying otherwise is just silly.