For a much shorter critique of the current American K-12 and college educational system, you may want to watch this short video of an interview with Seth Godin. Godin is the author of Linchpin, a book that discusses those key individuals that drive organizations that make a difference, along with how you can become one of those particularly-influential people. However, in the video below, "playing by the rules" that you are taught in school appears not to be one of his techniques to the top. Like the PRO side of the "Do Too Many People Go to College?" question, or the studies that suggest attendance at highly competitive schools produces no educational gains over comparable peers at traditional schools, Godin also questions the investment of tens or even hundreds of thousands of dollars for a college degree.
If you are homeschooling, he has some kind words for you. However, he also suggests how parents can make things better in their children's schools.
But you can hear the man himself explain his views on education in 4:36 in the video below: