Main figures, most important people who organized Russian revolution were all "intellectuals". How many millions of people died as a result of bolshevic revolution??? Education doesn't equal intelligence. Read first couple of posts from this: http://elitetrader.com/vb/showthread.php?threadid=153713 That's experience not education. It's something you have absolutely no clue about.
Very true. But in the absence of more specific statistics, and in the aggregate, it serves as a proxy.