Do you think it's wrong to say that "great literature" (by which I mean things like Shakespeare or The Great Gatsby) is read mainly to signal intelligence/culturedness? I really think it is, because for instance it impresses people, and it's difficult, and it's not as fun as most things you could read, and I don't think reading (a small amount of) "great literature" has taught me anything useful for anything other than signalling. By saying I think it's about signalling I'm not trying to imply that it's wrong or that you shouldn't do it, but if you know you're signalling then you can optimize for signalling (by e.g. reading summaries rather than the original).
I've read a lot of "great literature", and I will admit that signalling is a big motivation. Many of my friends are academics in the humanities and I'm often involved in conversations where references to Dostoevsky, Henry James, etc. are frequent (again, probably to signal intelligence and culture). Not being familiar with literature would incur a significant social cost in that context.
That said, I do also legitimately enjoy much great literature. Not so much because I learn a lot from it (although I wouldn't say I don't), but because a lot of it is actually brilliantly written and involves deep and interesting ideas. As a contrast, I also have friends who are really into anime, and they often talk about it. I've tried getting into it, but I've found even the most acclaimed animes (Cowboy Bebop and Death Note are ones I've tried watching) to be dull and somewhat silly. I just can't get into the aesthetic. I pay a social cost for this -- I often feel left out of the conversation when I'm hanging out with my anime-loving friends -- but that isn't enough to force me to watch these series.
So signalling is definitely a big part of why I read literature, but it's not a sufficient reason. If I didn't enjoy it I doubt I would force myself to do it.
From EY's Facebook page, there were two posts that got me thinking about fiction and how to work it better and make it stronger:
I was wondering if we could apply this process to older fiction, Great Literature that is historically praised, and excellent by its own time's standards, but which, if published by a modern author, would seem substandard or inappropriate in one way or another.
Given our community's propensity for challenging sacred cows, and the unique tool-set available to us, I am sure we could take some great works of the past and turn them into awesome works of the present.
Of course, it doesn't have to be a laboratory where we rewrite the whole damn things. Just proprely-grounded suggestions on how to improve this or that work would be great.
P.S. This post is itself a work in progress, and will update and improve as comments come. It's been a long time since I've last posted on LW, so advice is quite welcome. Our work is never over.
EDIT: Well, I like that this thread has turned out so lively, but I've got finals to prepare for and I can't afford to keep participating in the discussion to my satisfaction. I'll be back in July, and apologize in advance for being such a poor OP. That said, cheers!