I agree about the non-accredited schools. That statement made me cringe more than a little bit.

I also cringed when tech was pointed to as a model of innovation in education assuming he is referring to codeacademy and the likes. Don't get me wrong I like those services for what they aim at but I absolutely do not think they are a good model for core education - the kind of education that produces general capital as you note. Core education consists of building critical and analytical thinking skills - something that is very difficult to teach effectively through online or automated education.