One word, to me, describes academe: elitism.
Elitism has worked in the past in a variety of areas. As human society evolves, so do the checks and balances on the powers on the elites.
We once had monarchs and kings, because that's all we knew. It worked for a while, and advanced society to a point. Then, in a stroke of human genius, we evolved toward modern governments where every man's voice could be heard.
Similarly, academe's outdated model of hoarding information will succumb to the greater forces of populism and technology.
People, thinkers, will wake up and realize that information is as valuable as the right to vote. Information is as valuable as gold. Information is as valuable as anything human beings can pursue.
When that epiphany strikes, there won't be any turning back. Why should people have to go to you, the academic elite, to access information? The internet age is upon us, and where once it was a chore to look up even a basic morsel of information, today most things can be simply googled.
As technology advances, the academic elites become less and less needed. There is no more bottleneck where we have to go to them for knowledge.
One day, the most downtrodden of people in India, or Africa, or Latin America, will be able to get PHD's simply by using the internet. It will happen in spite of academe's efforts to hoard power.