Thank you government funded education system, you've done such a great job at teaching children how to forget moral inhibitions as long as somebody else wears a "suit of honor" and dictates your actions for you...
I'm not sure your mistrust of government funded education is that well placed (at least in this particular case). I don't really know the details, to be honest, but I'm under the impression that these experiments were conducted in several different countries, all throughout the world, since it was first devised half a century ago, with consistent results - which I assume one wouldn't expect, for different societies, at different points in time, if the education system alone was to blame.
That isn't to say education doesn't play a part, of course; the teach to test and find a job, any job, attitude present in many countries is harmful enough in its own right (though a government funded education system doesn't necessarily have to follow that format), but other aspects of society can't be ignored, and may end up playing a larger role here (say, where most people spend the majority of their time: their jobs).
At any rate, whatever the reason behind it may be, the results are certainly scary.
I agree to a certain extent that it's not entirely the school systems fault, but school should be used as a tool to empower children, not to transform them into the next generation of willing subjects. They teach children not to protect themselves, or stand up for themselves and I don't think it's healthy... Schools aren't just missing the opportunity to empower our kids with knowledge and self-respect, they're actively opposing the concept by practicing such an imbalanced authoritarian political structure...
This test should also be performed in an undeveloped society to see if the results differ. Maybe this is a result of the "domestication" of people (the predisposition of civilized societies towards subjugation or dereliction of individual responsibility), or if it's simply an artifact of an ancient human nature, the remains of a tribal "pack mentality" creating a hierarchy...
Either way, this is correctable behavior... How far would you progress in this experiment? I know how far I would go, and it's only to the part when the volunteer says, "stop"...