There's someone over at Inside Higher Ed who thinks that's a good description for international higher education. https://www.insidehighered.com/blogs/world-view/higher-education-hotbed-corruption
Hmm. While I think that things actually go right more often than wrong, and I don't agree that his proposal for a comprehensive blacklist of mills is practical, I will admit that Professor Mohamedbhai has a very lengthy and relevant resume, he's not just some guy.