If you wonder where compulsory schooling came from and how much good it is doing, may I suggest you read chapter 2 of the following book: The Underground History of American Education. (see link)
The sole purpose of the current education system in place is to create mindless employees - to eradicate the love of learning, curiosity, and creativity that comes so naturally to children, and to instill a never-ending sense of fear and boredom. Anyone that has ever been through the education system can vouch that this does indeed happen, and it is simply horrific to find out that it's all on purpose.
The goals of the education system can be summed up quite nicely using the mission statement of Rockefeller's General Education Board, as it occurs in a document called Occasional Letter Number One (1906):
"In our dreams...people yield themselves with perfect docility to our molding hands. The present educational conventions [intellectual and character education] fade from our minds, and unhampered by tradition we work our own good will upon a grateful and responsive folk. We shall not try to make these people or any of their children into philosophers or men of learning or men of science. We have not to raise up from among them authors, educators, poets or men of letters. We shall not search for embryo great artists, painters, musicians, nor lawyers, doctors, preachers, politicians, statesmen, of whom we have ample supply. The task we set before ourselves is very simple...we will organize children...and teach them to do in a perfect way the things their fathers and mothers are doing in an imperfect way."
If you're not outraged, you're not paying attention.
Via Haj Ross (who sorely needs to make a google+ account)