If a person's approach to educating their kids is coercive ("jump through our hoops or you'll be working at McDonalds your entire life") or downright abusive ("you're a worthless child to us if you don't meet this grade") then the results can be catastrophic. For every success story, this kind of maltreatment will produce many people who give up on learning altogether or drive themselves headfirst into mental illness. I definitely think history will judge this period as a bit of a dark age in education, the fact that people who've long retired still report exam nightmares says a lot about the completely arbitrary and needless pressure we put our children under.
In my experience being "well-spoken" (ie having an accent that's fairly close to RP) and being quick at picking things up has served me far better than any qualifications I have, both in the tech industry and out of it.