Earlier quoted context omitted.
I cannot do a literary critique. But I can tell you that when I was 17, I started reading "One hundred years of solicitude" and couldn't stop until I finished the whole book. I felt enchanted, it is a feeling that I never had either before or after. I read it in Spanish, (my native tongue) so your mileage may vary.
I think sometimes it is OK to be simply enchanted. (Well I think it's always OK, but ...) I tend to favor literary "analysis" that dwells on that feeling of enchantment, tries to explain it to an extent, and sometimes even re-create that feeling. I'm not sure an overarching "meaning" is always really needed. For several years I followed the mailing lists dedicated to several of my favorite authors, and at the same ti…
Not to be pedantic, but what specific value did you find in academic literary critique? My personal experience in University wasn't very positive. I found most books/papers to be derivative or more of a documentation of humanities people's self-referential knowledge (e.g., explaining all of the literary (Grego-Roman, Biblical and Celtic) allusions and historical context in "Ulysses"; and therefore, all of these allusions fit in this grand theory of {Hegelian Dialectic, Post-modernity}).
IMO, it kind of defeats the purpose of literature if one has to be so well versed in the Western cannon or whatever cannon to appreciate a narrative which ultimately conveys a human experience. A humanities grad student once explained to me that in literary analysis, the creativity is "in the interpretation as opposed to the creation for the author." I don't understand why in a subjective experience as literature, why an academic's word is then more valuable than mine or a monkey's. But I'm curious why you have a different perspective as for why professors in humanities have good perspective on literature.