I strongly disagree (having not read the book and having my own biases). History teaches us that any education is better than no education. Formal education is very far from just booklernin', you also learn *how to learn*, you develop social skills, you network, you start understanding how to deal with administration stuff, how to deal with failures and many other skills...
No country has perfect education, but what we call education is very useful for becoming a society participating human.
Many people graduate from US high schools without being able to read. Many people graduate from US universities without significant skills in the areas you mention.
I highly recommend reading the book, even if you expect to disagree with every fact, statistic, opinion and conclusion.