The best we can do, I think, is to adapt an argument from GE Moore. Suppose we have to choose between two worlds. In one of them, universities have flourishing departments of arts and humanities. You, your children, your grandchildren, can study literature, language, fine art or ancient history, and, talent permitting, can contribute to scholarly debates. In the other, only the rich can do this, but technical progress is a bit faster. Which world you would prefer to live in?