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The term decayed society may be a little harsh and inaccurate. Perhaps generational wealth or trust funder may be better, less offensive terms. UT-Austin is not alone. The same comment could be made about other well-known Texas universities that appear to place a big emphasis on Greek social organizations (though, in the overall UT System, Greek social organizations have never been considered a big emphasis).
And yes, I am sure there are plenty of parties in Texas. But the old oil money (on which Texas society is based) has been disbursed and diluted through multiple generations. And sometimes (at the end of all that money) their great grandchildern don't turn out so well * * * but sometimes they turn out wonderful. Obviously, UT-Austin has its share of both types of kids.
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