yes, education is important today because of the evolution of
professions or ways to carve out a living.
in the past, the reason our forefathers were able to do without
much education and still attain wealth was because of mercantilism.
trade and business did not require a specific education per se.
observation, apprentiship and a reasonable amount of intelligence
sufficed. even today, the engagement of mercantilism on a small
scale does not require formal education. (think hawkers, retail
traders etc.)
the advancement in various fields, i.e. finance, social sciences,
medicine, science etc. require specific education in order to
participate in them. even business or multi-national companies - a
more advance version of mercantilism - requires formal education
because of the complexities that global trading involves. being
exposed to these fields means developing the competence to
contribute to them. as raw mercantilism fades, intelligence alone
will not account for much without specialised knowledge.
also life-enhancing knowledge like computer skills, advanced
literacy and knowledge of global trends - all of which were not
THAT important during our forefathers' time - require
education.
cheers