If universities want to invest in pursuits that will not have any tangible benefit for society then they are welcome to do so. But they should not expect to be able to do that on the government dime. If people want to study the humanities they can pay the tuition fees needed, and universities should be able to prioritize its funding as they prefer. The state acts best when it serves the public interest. By making the research and work of academics who receive state funding available to the public it does its job by freeing people to use vast amounts of information to the betterment of all. If that means a few less books about Marxist-Feminist literary theory, then that is a cost the state should be willing to pay.