There are serious flaws with this piece of writing in terms of historical accuracy.
Industrialists and the Industrial Revolution are two different things. There is an historical gap that needs to be properly filled.
Actually, Corporations need to take a much greater responsibility for the education of their workers in modern society and not offload it onto government or the public.
"The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840."https://en.wikipedia.org/wiki/Industrial_Revolution
"...a group of industrialists (Henry Ford, John Rockefeller, Andrew Carnegie, etc) began to push for and create the modern public education system. "
Henry Ford (July 30, 1863 – April 7, 1947)
John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937)
"Rockefeller was also the founder of both the University of Chicago and Rockefeller University and funded the establishment of Central Philippine University in the Philippines."
Andrew Carnegie ... November 25, 1835 – August 11, 1919)
"In 1900, Carnegie gave $2 million to start the Carnegie Institute of Technology (CIT) at Pittsburgh and the same amount in 1902 to found the Carnegie Institution at Washington, D.C. He later contributed more to these and other schools. CIT is now known as Carnegie Mellon University after it merged with the Mellon Institute of Industrial Research. Carnegie also served on the Board of Cornell University."
John Pierpont "J.P." Morgan (April 17, 1837 – March 31, 1913)
Pg. 58 - graduate schools gifted primarily by J.P. Morgan and his partnershttp://web.archive.org/web/20020207051515/http://www.bfi.org/education_automation.htm