The third order effect of handing out money for nothing, is the chicks coming home to roost as anti-education movements tear down the nation.
The threat of its efficacy, is why, since 1960 onwards, a large chunk of the western world has been figuring out how to bend psychology, rhetoric, and media forces to undermine "Ivory tower" intellectuals.
Yes, a succesful movement has been undermined because it posed a threat to people with the money to spend to fight their battles.
This is old news.
Anti-education movements may be a third order effect for this, but it's a first order effect for other groups who are deliberately pushing anti-education efforts.