Who said education has no merit? I never did. It's also not about scaring yourself into learning either.
To prove my point, a lot of my older students read read and read about cross country flight planning. Yet when they come in and boast about how much they have read, they can't do it. When they go flying with me, they can't do the necessary steps to get us to where we want to go. Why is that? It's because they haven't experienced it yet in real life.
One can read all day long about XY and Z. However if they haven't applied it yet, the first time they experience it is still the first time.
The only difference btwn my students who don't read and the ones who do is that the ones who do, tend to fall back on the fact that they read to try to cover up their mistakes. I am still walking them through a task the same way I'm walking someone through who didn't read on said subject.
I have found that the students who use the reading material more than actual experience to learn to fly are the ones who get screwed in an abnormal situation because they are the ones who default to the textbook answer. They can't realize that situation in flight are often very dynamic and are in most cases far from the cookie cutter world that is the text book. They end up defaulting to the answer of "well the book said...." Or my favorite,"mu instructor said....".
Lets take another example but not from aviation. The university I went to started having issues to where business management majors would go straight into the masters classes without actually experiencing anything in the workforce. The professors noticed that their grades suffered and they couldn't really bring anything into the class discussions because they had no experience to draw from. They only knew what they read from textbooks.
So yes I do see the value in education but it pales in comparison to real experience.