Once in awhile, Lew Rockwell runs a great piece. This is one of them: A Modest Proposal To Abolish Universities. I had a lot of great excerpts to choose from, but went with this one:
See, first you learn that you have to finish twelve years of grade school and high school. The point is not to teach you anything; if it were, they would give you a diploma when you passed a comprehensive test, which you might do in the fifth grade. The point is to accustom you to doing things you detest. Then they tell you that you need four more years in college or you won't be quite human and anyway starve from not getting a job. For those of this downtrodden bunch who are utterly lacking in independence, there is graduate school.
The result is twenty years wasted when you should have been out in the world, having a life worth talking about in bars ”“ riding motorcycles, sacking cities, lolling on Pacific beaches or hiking in the Northwest. You learn that structure trumps performance, that existence is supposed to be dull. It prepares you to spend years on lawsuits over somebody else's trademarks or simply going buzzbuzzbuzz in a wretched federal office. Only two weeks a year do you get to do what you want to do. This we pay for?