ABSTRACT
The argument of this chapter is that universities have lost any distinctive ethics since they have been colonised by the global capitalist system; and that they now reflect the values of global capitalism. But this does not mean that academics have all accepted these values without question. I want to argue here that the values of capitalism are non-moral goods and as such they reflect the relativity of the contemporary world, whereas the moral good is unchanging and unchangeable. The relativity of the values of the contemporary world is inherent in the nature of global capitalism, in which universities have not only lost their distinctive ethos but many have been forced to become corporations, something which many academics deplore.
