We should bring that back, for sure. I'd be worried we'd botch it, though, by making the class book-heavy. If I did it, I'd try to blend rhetoric with drama, make the kids compete in oratory performance, and sprinkle in the classical education between performances.
They need to scrap government schools and compulsory schooling and things would quickly fix itself. Education and learning is a life long journey and there is no need for kids or adults to spend so long "learning"