The text critically represents the concept of education 4.0, when the reform of the education system should be the education of graduates directly for the needs of industry 4.0 and labour markets. However, the goal should be personality development, not employee readiness for exploitation and full subordination to market needs, including technology dictates and the requirement for flexibility under conditions of permanent uncertainty. The main pillars of the Education 4.0 concept are considered in the context of 1) the broader framework of the so-called Fourth Industrial Revolution and Related Platforms (Industry 4.0 in our terms), including the vision of the Digital Society 4.0 or 5.0. Authors also mention the fundamental nature of the processes whether "new paradigms" determine their core. 2) In the context of progressive efforts to improve education and education system, including disproportionate liberalization, with an emphasis on domestic problems and realities. At the same time, the text warns against exaggerated optimism and unilateral reliance on new digital technologies in education and education. It also recalls the adverse effects of overuse of digital technologies on human thinking and brain, including the dangers of digital dementia, cyber disease.