Should Education be for the Market or for the sake of Education?

Correct me if I am wrong but education worries me. We seem to churning out stuff that was taught 20 years ago and so as to speak flogging dead horses. If the purpose of education is philosophical - then we should debate whether what is being applied is appropriate and in what contexts - we should challenge theory - we should encourage multiplicity of viewpoints and we should embed contexts other than that which originates from the west!

If the purpose of education is application - when then we need to know how it is applied and why and when does it work and when it doesn’t! You need the involvement of industry, governments and NGOs at the curriculum stage and not when the finished product is ready (meaning the student). By then the damage is done.

We seem to be spending significant amounts on corporate re-training but for me the scarier thought  is the number of students taking "business" at school and for bachelors with no work experience or insights! How will they understand what we teach? They can memorize but that does not mean they can relate to its significance. Is it too early? Should we instead encourage the spirit of entrepreneurship? Should business be a top up degree to a specialization? What role are accreditations playing to perpetuate the damage?