It's interesting you should put it that way: humanities as the cultivation of taste (assuming you have the means to gratify that taste.) No wonder it's dead.
In the sixties, when people believe that learning about history, anthropology, literature, and the arts would somehow make them better able to fight for social justice...when people believed that there was some tie between the humanities and the pursuit of justice, the humanities were more interesting.
Then came identity politics! BANG!, Deconstructionism! BANG! BANG!!, academic professionalism! BANG!!! BANG!!! BANG!!! And before you knew it, the humanities became a pointless exercise in intellectual masturbation.
I'll never forget that depressing day, in 1980 or so, when Fred Crews rounded up the grad students at U.C. Berkeley and proudly announced that our job prospects were improving because other schools had stopped viewing Berkeley grads as troublemakers.
Joanna