Capitalism indeed seems to consign the masses to work that is drudgery and is intellectually beneath them, but so does socialism.
Every socialist experiment I'm familiar with has almost instantly devolved into a form of a capitalism based on social pull with the bureaucracy rather than financial leverage. The final endpoint of this trajectory seems to be the mafia state -- pure social pull capitalism within criminal-state complex hierarchies.
If there's a solution here, it may not lie within politics as we ordinarily think about it.