Our educational system is so much theoretical that the person who can memorize 200 pages of print can end up as a doctor or an engineer... Its the marks and grades that counts and not the knowledge or talent...
I understand that our educational system is full of flaws.
But as u say that just by memorising 200 pages a person cannot cannot become a doctor or engineer...may be in his whole career he might have memorised 10%-15% of his studies..memorising may help in 11th and 12th to get marks but not in professional degree courses where questions are based on practicality which comes from real knowledge and concepts.

there is a saying if u are aware of-
"College is a place where diamonds are dimmed and pebbles are polished"
I agree completely with that...