In debates about the admission of state school pupils to Oxbridge various individuals within those institutions have challenged the idea that universities should be vehicles of social change. At the same time, Oxbridge and other universities have accepted the responsibility of "enabling" entrepreneurship and other market-led initiatives. I want to explore some of the implications of this position in terms of the making of the person in higher education and in particular the ways in which conservative refusals of the recognition of class, gender and race differences reinforce wider structural inequalities.