The kicker is it's not really a dichotomy either. Academia and industry have gotten closer together, colluding to decide what research is funded and what is silently dropped, what is taught and what never makes it onto the curriculum. This is even framed as a good thing by governments who talk of academic-industry "alignment" and how the academy "serves" industry. It's a way to get public money for training that is a subsidy to commercial interests.

"Objective" higher education and research designed to shape industry by genuine innovation is as rare as rocking-horse shit - mainly in niche areas of physics or biotech that don't have any commercial application yet.. but might one day.