The elitists are such boneheads they think literature exists to be admired. Wrong. Literature exists to create memories so true and important that we allow them to become part of ourselves, shaping our future actions because we remember that once someone we admired did this, and someone we hated and feared did that.
В общем, да. Не только это, но во многом и даже в первую очередь - это.
(См. также - Борхес о "суеверной этике читателя".)