That's a great point and that I can't believe I forgot to mention! To add to that, universities themselves use research as a cash cow (they take a large share of nearly every research grant of a faculty member) and as a marketing tool to get more students (tuition), prestige, grants, and so on. The fact that universities market themselves at all is ridiculous.

In the US they are also usually heavily financialized and local real estate behemoths.