The Economist weighs in on the troubles facing French universities.
I must admit I wasn't aware of the difficulties a student had to conquer to find a decent education in France - apparently, you have to leave.
Some of the more bizarre regulations include how universities cannot select students for admission: Anyone who finishes high school at a certain level is guaranteed admission (free tuition!) to their local university - but only their local university. No moving from France to Toulouse to find the better economics department.
Personally, I would be hard-pressed to dream up a system that would be more prone to stagnation. I really don't think there's any need for governments to be involved in funding education, but given that they will, you might as well at least pass along the money in a rational way.
Three cheers for competition!