The article argues that the most important trends in the recent metamorphosis of higher education, especially of university teaching and research, cannot be understood without placing them in the context of general developments in political life. Both processes reveal alarming features and there is a link between them. In recent decades a religion has established its dominance in the public policy field. Its dogmas are called "liberalization", "economic man", "individual preference", "the free market", "competition" and "efficiency". The consequences of the progressive imposition of this doctrine on the universities--including on the relation between teaching and research--are well documented but not always well understood. It is argued that the "commercialization" of higher education and research means in reality their hyper-bureaucratization, via the imposition of so-called evaluation, assessment and accreditation schemes, the latest avatars of the managerialist ideology. Might the final result be the disintegration of the university as an institution?