Well, to the extent that a programme such as this will increase supply, you could argue that it's currently kept artificially low because of the costs of education in some countries.
I don't think that is quite the situation we are in though. Computer programming is an unusually easy industry to enter. I didn't study computer science, only started working as a developer much later and my experience is that potential employers and definitely clients if you're freelancing care very little about _how_ you learned it, they just want to know _what_ you can do. A portfolio is much more important than a diploma.
This is why i really take issue with this statement: "On the other hand, most people don't have the superhuman willpower to learn alone from home watching videos online for 8 hours a day during a year."
If learning programming entails you watching videos 8 hours a day for a year, I submit you are have chosen the wrong profession. You will be competing for jobs with people who love coding, people that it would require a "superhuman" effort to _keep_ from programming.
Anyone with a real interest and access to a computer with internet, can _easily_ learn to program. Not so much by watching videos full-time, but by a combination of actually programming, reading tutorials and yes, watching some videos.
Then there are people who are not passionate about programming, people who are not naturals but just want a decent job. I suspect this programme is aimed at them. There is absolutely nothing wrong with that of course, but it's unlikely that they will be competing for the $200k jobs in Valley startups.