Recent news items about the anniversary of the failure of Lehman Brothers asked whether large, private financial institutions should be protected by government – whether they are, in effect, "too big to fail."
It's interesting to ask something similar of a college or university. If I told you that Oxford or Princeton was going to shut its doors, would you suggest that they should be bailed out? Protected? If so, would you advise using public money for the cause?
Many of the most prominent schools have been around for hundreds of years.
Are they "too old to fail"?
The University of Bologna is more than 900 years old; just about the only organizations that resilient and long-lasting seem to be universities and organized religions.* 17 American colleges, universities and schools operating today are older than the United States itself. Few national governments can claim the long runs of which schools like these can boast.
So schools last a long time. But what exactly is it that persists? Is the school we revere today really "the same" as the one that first bore its name? Of course not.
Schools (like many organizations) survive in name, but they must rebuild, reimagine and retool themselves ceaselessly, one small segment at a time. Saying that Bologna hasn't changed is like saying that a Model T Ford in an antique car show is "the same car" that Henry Ford rolled off the line in 1920. In reality, piece by piece it gets fixed up, "restored," and "maintained." A headlight here, a bumper there. Engine parts wear out and are replaced. Rubber moldings dry and crack and new ones are attached. The body fades and pits and the car is sanded and repainted. The upholstery gets torn, and....well you get the idea. Is it really the same car?
And so it is with our schools. We are lucky in some cases to have architecturally significant buildings that survive, but even those have to be updated for technological reasons, for safety, to please donors, or increasingly, to be "sustainable." So the buildings – like the institutions they serve – survive, but in forms that are new and often distant from their historical roles.
U.S. Chief Justice Charles Evans Hughes (Brown University class of 1881) famously quipped of his alma mater, "It is always the old Brown and it is always the new Brown." We would be hard pressed to sum it up more succinctly or more eloquently. And we'd be ill-advised to forget it.
* Iceland established a parliament in 930 A.D., but had no centralized administration until about 330 years later.
Photo of old buildings and new students at the University of Bologna, from Michele Ursino via Creative Commons. Click photo to enlarge.
