Interesting take, and I feel I agree for the most part. I think it`s simply the democratization of knowledge and a new pedagogy. Guarded knowledge, housed in hierarchical learning fraternities is okay, and will survive but not without change. There will always be families and students who prefer hierarchy and have the resources to pay for the brand, but beyond that, there are millions of people who remain uneducated, simply because of accessibility and cost. Where I live, there is no education. All of the teachers have moved to the cities.
A video discussing the good and the bad of MOOC's.