There are certainly many wonderful adjunct instructors, many who do a much better job than full-time faculty as they come with teaching experience in high school and practical work experience. They also work without health coverage, not great pay and constant pressure to lower standards.
My point, which I should have made clearer, is that many schools have lost all sight of what their purpose is. It’s not to build more facilities, swankier dorms, holding sporting events, diversity rallies, etc. it’s to educate the students.