Dumb people need to be managed, not put in charge.
While we might respect your right to hold your view, the real world doesn't support it to the extent you suggest.
I have to observe that a bit of paper, while being useful as an employment thing, appears rarely to correlate well, necessarily, with intelligence or ability .. more often, only earlier life opportunity for whatever reason. Indeed, there are brilliant folk with and without degrees .. and more than a few idiots around either with or without.
Or, as a colleague (who had no bits of paper) from my early days opined .. "you graduate chaps need us uneducated folks to run businesses so you can look forward to getting a job ... "