There's a huge, huge range of frauds being committed in society. I think people should point them out when they see it.
edit: I also agree mostly with the hard-headed engineers you brought up. Physics is somewhat useful, but it's also vastly overtaught and overfunded relative to it's practical utility. I'm an AI guy and think we'll get the singularity before any of the fundamental research going on pays off (and that's only a small proportion of the world's wealth being spent on physics education for people who will never find practical use for it). And I think there's also a lot of mathemagic symbol throwing in there as well to extract tax-payer money (a lot of it caused by the mathemagicians's influence on physicists).