It is entirely consistent to respect academia while insisting it isn’t appropriate for everyone. By way of analogy, consider that few people do serious sport, but almost no-one looks down on those who do (thinking particularly of casual sport rather than professional sport). We are perfectly capable of seeing the value in things which we don’t do ourselves.  It is even plausible that under the new system academics would become an elite cadre of intellectuals whom schoolchildren would aspire to join and the status of academia would be considerably enhanced. There is a well-known saying, “familiarity breeds contempt.” If fewer people were tempted to think of themselves as amateur scientists, amateur historians etc., we might have more respect for the real ones.