Unfortunately, at some point in the last 30-40 years, we've totally abandoned this idea. The most powerful people in society are not just indifferent to the liberal arts but are actively hostile towards it. They see it as a frivolous waste of resources. Why waste time studying a great work of literature when you could be "building" instead?
Of course, it's predictable where this leads. We did all this building, but forgot what justice means, what it means to have values, what it means to do right. So now our society is ugly, corrupt, and rotten. Hey, at least we (the leaders) are rich!