The MOOC model though does a lot to solve the access to education problem. If there are kids in under-developed countries who are driven to learn, and are able to access to MOOC videos then the potential impact is huge. I have a really good friend of mine implementing this strategy in low-income schools in Pakistan, and the results seem quite mixed. The kids who are driven will learn, whereas, the kids who need more attention and guidance will need a lot more teacher attention. Unfortunately, this seems to be the majority of kids. Teachers in the US also report similar results. Though for society in general it seems a net positive.
The other part of the problem is to engage kids to learn more. Engaging kids to learn is a much harder problem to solve, and possibly the most valuable one. Anyone in the industry who can provide a content network that truly engages and educates kids will gain the most.
On teaching: different people absorb and understand any educational material in different ways. The best teachers have strategies built-up, through experience, to make different kids understand the same concepts. The real technology breakthrough could be when we can pre-empt the strategy required to teach a concept to a particular kid, automate the solution and engage the kid by providing loads of cool ways to play around with the material through immersive experiences.