It also explains the state of gifted & talented education, incidentally.
Does it? By many metrics the US does better with gifted and talented education than much of the world. For example, the US has some of the highest per a capita rates of Noble Prize winners and Fields Medal winners, more than Britain or France. If anything, the US is doing badly on the average case but is doing a lot better with the very smart students.
Edit: This claim is massively wrong, see Douglas's remark below.
Post by fellow LW reader Razib Khan, who many here probably know from the gnxp site or perhaps from his debate with Eliezer.