The education system has to adopt each several years to prepare its generation for the future.
In the old days it was important how much knowledge one possessed. Nowadays, to a certain level, it is not important anymore how much knowledge you have, but if you do know where to find it and how fast you can absorb it.
Still schools have to teach their students some basic skills. They will have to learn to train their brains, finding solutions out-side of the box, analyzing things and utmost important to create their own personality.
Concerning the failure part. The most successful entrepreneur have failed several times before they became famous/rich. Failing is not a bad things if you do learn from the mistakes.