Actually 4 and a half stars.
What it is not is what the title implies: a culture-war polemic. This is a heavily theorized account of the state of higher education. Moving from Kant, though the German Idealists and Humboldt, Readings traces the notion of a university anchored in rationality to one anchored in culture, in particular the culture of the nation-state, which the university is to inculcate in its students. In Germany this happens through philosophy, in England through English literature. Now, with the decline of the nation-state because of the triumph of transnational capitalism, there is, in effect, no nation state with a culture to inculcate. Hence, we have the university of `excellence', a nonreferential term that can mean anything.
Since this `excellence' subsumes everything previously considered counter-cultural, it turns all to a marketable commodity. (You want radical professors? You want radical cultural studies? Come to Old Siwash. Ours are Excellent. Just like our excellent dormitories and excellent exercise facilities.)
Ultimately this is an assault on the technocratic/bureaucratized/commercialized modern university, which measures all with quantifiable `metrics', accountability always being equatable with accounting, but what Readings offers in its place is somewhat vague, highly theoretical, unintelligible to bureaucrats and unlikely to ever happen: a community of `dissensus' rather than a search (as with the Germans) for not just the truth but its underlying unity.
The book is very provocative, deeply-considered and interesting. It is fair to say that it is most heavily tilted toward the German side of things rather than the English side of things (American higher education having been heavily influenced by both). It is also, as he acknowledges, heavily tilted toward the humanities. Life is very different in the physical sciences and engineering, e.g., though much of what he says with regard to `excellence' is applicable to the ethos of professional schools.
It is written from a leftist perspective. He is contemptuous of the arguments of all conservatives as well as actual liberals, such as Hirsch, and trivializes their arguments. He assumes, e.g., that core curricula are dead, never to return, that the historical method in the humanities is largely dead, never to return in anything like its former state, that black studies, women's studies, cultural studies, etc. are all a priori good, that the entry into the professoriate of individuals dodging the draft was a good thing and that high theory is a `project' decidedly worth pursuing. In other words, the book is very much of the 1980's and 1990's. What is interesting about Readings' critique is the fact that he acknowledges that multiculturalism and postmodernism have helped to create the `university of excellence'. They are causes as well as symptoms.
There are many things which he does not consider: e.g. the growth in student populations and the changes in student demographics. Was the curriculum demolished because the `new students' couldn't handle it? Or didn't want it? He notes that student passivity results from their feeling `parked'; they are not being educated; they are being self-accredited through the collection of credits and the meeting of requirements. But what is the etiology of that? Global capitalism? Universities hungry for tuition revenue? Antinomian faculty? The belief that all should go to college (for professional advancement), but a consequent dumbing down of elementary, secondary, undergraduate and graduate education? Many more now `go to college', but the credentials for professional advancement have been ratcheted up as the requirements for professional credentials have been ratcheted down. Students don't just feel `parked'; they actually have been parked. His theory is very subtle and thoughtful, his historiography less so.
All in all, this is a very interesting book. Tragically, Readings died in a plane crash just before it was completed. I wish he had survived and had decades more of experience with the `university of excellence' so that he could write complementary books on the subject.