I'm quite sure the same is true in programming. So what if a bootcamp grad can only make CRUD apps a few months into their dev career? What can they do five years after that? At a certain point individual dedication and passion is what matters. There are a million books about algorithms and many bootcamp grads have library cards.
Sure, the self-taught pop star isn't going to write Rite of Spring anytime soon, but the music business does just fine while being flooded by people with limited theory skill...and I say this while holding the view that most people should just be performers and not compose.
I'm actually saying pretty clearly that it doesn't take deep theory knowledge to write great music, which I think counter's the parent poster's point pretty well. And there's a big gap in the amount of theory required to build your career on playing 12 bar blues and on composing for an orchestra. Most conservatory students aren't rigorously studying composition enough to do the latter anyway. In fact, most just want to eke out a living on dull music that hasn't changed in 400 years.
Berklee is not a conservatory. People actually get practical skills there and aren't treated like shit. Nothing wrong with going there. You are much better off doing that vs New England Conservatory, Julliard, Peabody, etc. (Actually the jury may be out after the Boston Conservatory merger, but we'll wait a few years and see)
Here's why: I've taken English courses and Music theory courses, but I am not a writer or a composer by any sense of the word. Sure, I can write a blog post or a comment, and I know how to compose a harmony, but I still lack the sort of knowledge necessary to fully embody the full enormity of these titles. Great composers and writers aren't always necessarily thinking "theoretically, I should do X given that I have Y." But a musician that lacks sufficient knowledge regarding music theory will generally lack the ability to compose truly great works.
Yes, most web applications can be completed by just about anyone if you train them a couple of months. But generally that's all that person is capable of. They won't be able to evaluate a technology critically because they fundamentally do not understand how or why it works. I can also create a movie script -- that doesn't mean it will be any good!
From my point of view, the non-hacker community doesn't understand that software and technology can be as aesthetically beautiful as the Sistine chapel. It takes real craftsmanship and deep theoretical knowledge to get there; you can't just wake up and produce that.
I'd like to thank the other commenters who pointed out that there are a lot of Bootcamp grads who did attend college -- I had no idea. It would be interesting to see the actual stats on that.
(Of course I acknowledge a college degree doesn't necessarily imply the level of craftsmanship I'm talking about here, but generally the theoretical knowledge obtained coupled with working in a meaningful way lead to this sort of craftsmanship. Also, just as art is subjective, beautiful software is as well.)