Isn't this a problem of too much coupling between credentialing and education? People aren't seeking to sit in a room full of 400 people through a lecture given

Isn't this a problem of too much coupling between credentialing and education? People aren't seeking to sit in a room full of 400 people through a lecture given by a certain professor at a certain time. They could probably find the lecture video online and watch it whenever and however frequently. They are only seeking the stamp of approval from a well respected institution. Assessment is not the same problem as education. Even though online education is getting some traction, it seems as if employers (and parents!) can't give up obsessively indexing much on traditional multi-year lecture-driven university education. It's ironic that university engineering (especially software) departments teach modularization, decoupling, distribution, reuse, etc. that makes possible to scale like Google, Amazon, etc, but fail to apply these learnings to themselves.