I think Fred's gripe with colleges is that most people get "BS" (ha) degrees. Some top undergrad degrees: business, social sciences, psychology, visual and performing arts, communications, English.
I've met many home schooled kids and did not find them outside of the norm... Except perhaps that they seemed exceptional. In the big cities by me there are networks of home schoolers that have their own; dances, sports leagues, so on.
I don't think it's an end of the world view, so much as a decline is inevitable view... I'm not planning for the end of gas, just more taxes/inflation, infringements on personal liberty.