Education System Flaws

So our class discussion this week has been about how the grading system we currently use in the educational system is flawed, which I completely agree with.  But that's not what I want to focus on because I don't think that's the only thing that's flawed.  Before reading the rest, I recommend that you watch this video:

http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity.html
It's about 20 minutes long, but you can start at 3 minutes and it really is worth a watch.  Basically, the speech focuses on how our current education system kills creativity and is biased towards math, English, and science.  Why don't we have classes in public education for dance?  Isn't being artistically advanced just as important as being able to solve a mathematical equation? Who decided that one was more necessary than the other?  As children, we really aren't given the decision to choose a career path, to be honest.  If that we were, then course work in public school would be FAR more broad.  The narrow path it is on now steers children into academic careers- ones that promise prosperity and are in high demand fields.  It really isn't fair to those who have a passion for the arts, because there just isn't enough career options our there in that field.  But this is the society that we have created.
Another problem is the fact that academics are becoming inflated.  At one point in history, a high school diploma could get you a high ranking job; then one day you needed a B.A., then a Master's Degree, and now any stable job that promises prosperity requires a PhD. What's next?  At the rate we're going, the demand will be some sort of degree that will take half our lives to obtain. This isn't the direction we need to be going.  Values need to be rethought, and the education system needs a redesign.
And now I sound like a political candidate. O boy...