Source: American.com, Jul 2011
(though US-centric, the issues are also relevant to Malaysia)
The vast majority of students in K-12 are educated in a manner similar to students 100 years ago. Instead, education should be rapidly innovating through new technology.
Imagine what might happen if government involvement in education were restricted to giving school vouchers to households below the median income. Entrepreneurs would be free to redesign education completely.
Perhaps the very concept of a school would ultimately be replaced by different educational components with entirely different business models. Some companies might emerge as high-quality math educators and sell their services to individuals or schools or districts. Others might emerge as high-quality developers of social skills and builders of teamwork. Still other enterprises and services would emerge that no one can yet imagine.
Beyond grade 12, entrepreneurship in education is held back by government support for the incumbents in the industry. From accreditation to subsidies, government sends a message that existing colleges and universities are the only legitimate players, while new entrants are suspect.