i agree with kathy and some other posts.
at the end of the day it is both the parents and teacher's responsibility. both tide together ling ying yang. teacher is just a rep in the whole system and parents can be supplement to what kids learn at school and the driver on the kid's educational strategy.
mainland system/ hk system/ oversea system they all have their pros and cons. you just have to focus and know what you are doing as a parent.
i dont wanna sound like a saint. money is not everything but you need to cover the basic before you can talk about meaning of life. i dont think there is anything wrong with being money oriented. at least that is the most common indicator of being successful. of course that is not what i would teach my kid as the ultimate goal of life but it is essential to have basic survival skills.
we all need to provide the best things to our kids. I dont mean expensive stuff (this will just spoiled your kid) i mean picking the rite stuff in terms of best quality or best to your kid. best thing may be less $ to them so they have sense of value but not too little and they ended up selling drugs on the street. hope you all see my point.