A Twitter thread by Naval.

1/ If the primary purpose of school was education, the Internet should obsolete it. But school is mainly about credentialing.

2/ Schools survive anti-educational behavior (i.e. groupthink) due to symbiosis between institutions that issue and accept credentials.

3/ Employers looking past traditional credentials can arbitrage the gap. @ycombinator made $Bs doing this for young founders.

4/ The more meritocratic an industry, the faster it moves away from false credentialing. I.e., the MBA and tech startups.

5/ A generation of auto-didacts, educated by the Internet & leveraged by technology, will eventually starve the industrial-education system.

6/ Until then, only the most desperate and talented students will make the leap.

7/ Even today, what to study and how to study it are more important than where to study it and for how long.

8/ The best teachers are on the Internet. The best books are on the Internet. The best peers are on the Internet.

9/ The tools for learning are abundant. It’s the desire to learn that’s scarce.

10/ Educational credentials are badges that admit one to the elite class. Expect elites to struggle mightily to justify the current system.

11/ Eventually, the tide of the Internet and rational, self-interested employers will create and accept efficient credentialing...

12/ ...and wash away our obsolete industrial-education system.