I don't think so, it's too idealistic in todays world, even if we eliminate all form of material capital - art I think will only increase in value as it will become more valuable and competitive for us.

I think a better solution as of right now is a redefinition of copyright, that copyright is handled primary by a agency like the Copyright Office that deals with registration and licensing of said copyright work.

And copyright itself would be granted to the individuals who created said creative work (we would probably need to make clear distinctions between say creative art and more "logical" things like code) and they would be payed loyalty for each type of license the copyright office would issue (license for private use, in a 1 time production, continuous and lifetime license).

Companies could sponsor said creative work and get a free lifetime license.

Obviously I'm not a lawyer but I believe something like this, where copyright is as rigid in protection towards the original creators and allows for a much more fluid exchange of information depending on circumstance is at least a step in the right direction.