The fall of "faculty governance"

Timothy Taylor (see here) has a new post entitled "Administrators Take Over Academia."  Using recent research and data, he details how the notion of "faculty governance" - once a cornerstone of higher education - has declined to the point of irrelevance in some Universities.  It seems to be the norm these days as universities continue to spread the "we are a business" propaganda without ever making clear what they mean by that.  He shows the graph below which details the rise of this philosophy.