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In a few slides, he'd spelled out the nine essential components of a university education: admissions, lectures, peer interaction, professor interaction, problem-solving, assignments, exams, deadlines, and certification. While Thrun admired MIT's OpenCourseWare-the university's decade-old initiative to publish online all of its lectures, syllabi, and homework from 2,100 courses-he thought it relied too heavily on videos of actual classroom lectures. That was tapping just one-ninth of the equation, with a bit of course material thrown in as a bonus.

The majority of students in the Udacity and Coursera courses analyzed were professionals in the software industry - hardly the target audience for those seeking a change in how we educate postsecondary students. The current MOOCs provide a nice proof-of-concept, but hardly solve significant educational problems.

The bigger issue is the breakdown in the process that led to this problem. If we don't fix this, then we will experience another breakdown in the future. It's virtually guaranteed. As the philosopher George Santayana said, "Those who cannot learn from history are doomed to repeat it."