Why precisely is that superior to a video of a lecture delivered by someone who's focus is teaching ?
It was very good for a MOOC, and better than my worst university classes, but I'm hesitant to say it was even as good as an average university course.
I don't think my education would have been as good entirely composed of such classes, but I'm willing to admit some of that might be preference, educational style I was raised with, etc. However, it seemed much lighter and less demanding than Id expect from an actual university ML class.
Cutting substance in favor of cutting price (or being "efficient") has been a disaster in American culture -- from food to education.
Then there's the less class focused aspects -- office hours, homework groups, meeting classmates, etc. Some of this is replicated online, bit it would take dozens of emails or forum posts to replicate 30 minutes of one-on-one discussion with a professor (or even classmate). Much of the value in my education came out of study sessions and being exposed to other people's understandings and interpretations and needing to learn to explain my own. Small study groups using online collaboration tools (eg, voip and whiteboard apps) help with that, but MOOCs don't have the same tendancy to encourage that interaction that real classes do (and I'm not sure I buy online is the same as in person -- and I say that having worked remote before).
Now, graduation rate is only one possible metric. That said, many universities do have hard data and that data generally states that classroom attendance leads to better outcomes overall. Certainly, that doesn't work for all students, but it does suggest that there still is a tangible, substantial difference between being in class and not.
In this issue of the economist they indicate that most of the people who are using MooCs are are already working and using them to increase their skills. While the people marketing MooCs may pitch it as a replacement for school, I don't think that's the reality for most people.
Consequently I would suggest thinking of the "credentials problem" as how you demonstrate a new skill to an employer - I the answer may be not be a certificate at all, e.g. maybe a portfolio site, side project, etc.
We know how capital views education, just get a service job and watch the horrific training videos. That's what Khan Academy is for aspiring skilled laborers.
Note that the conclusion is "the credentialling problem has to be solved". Credentials are an attempt to commodify learning. So instead of pesky B.S.'s and M.A.'s you'll get some print-at-home Happy Meal prize. No thanks.
According to The Atlantic, it would cost $62B/year to make state colleges tuition free. Last month it was revealed that the Pentagon covered up a report showing how they failed to save $125B over 5 years simply in bureaucratic waste. So while The Economist is telling us how watching videos online is a reasonable alternative to a university education, the kind of funding that could revolutionize American higher education is basically pocket change to the War-makers.
The rush to online education is just one more way Capitalism is hollowing out the United States.
http://www.theatlantic.com/business/archive/2014/01/heres-ex...
https://www.washingtonpost.com/investigations/pentagon-burie...