Almost every sentence of this piece is a very powerful reminder that we're not really talking about education vs cheating and it's actually about real work vs optics, appearances vs reality, fake news vs information, and all the rest at the same time. A certain amount of bullshit is and always has been standard, and you see it in all kinds of folk wisdom (e.g. "the people capable of being politicians are the least qualified", "those who do not steal steal from themselves", "the market can stay irrational longer than you can stay solvent"). But in a very short period of time, society itself has shifted away from rewarding real effort or real results almost everywhere.
I agree that game-theory is a pretty good way to understand it, but the conclusions are pretty dark. Defection as the only available strategy and equilibriums that add up to large-scale attractors that we maybe cannot escape.