Literacy is a great gift which shouldn't be squandered: much will be required of the person entrusted with much, and still more will be demanded of the person entrusted with more. To try to make knowledge of ones spiritual heritage out to be "fetishization" is inappropriate in my estimation. This reminds me of a story told by Dr. Scott Hahn, a Catholic biblical scholar, about an experience he once had (closely paraphrased):
Questioner: "Why do we need to know all of this [bible study, theology, etc]? I can just think of the medieval peasant who is illiterate and thus disqualified from any and everything that you're talking about."
Dr. Hahn: "I think the best response to your question would actually come from the medieval peasant himself, because if you could imagine him standing here next to me he would look at you and say, 'You're using me as an excuse? You have books, you have literacy, you have access to these resources, and you're using me as an excuse to not take advantage of them?'"
Bibles were the first book to sell in large numbers when the printing press was invented.
Before that the church did expect at least priests and monks and nuns to be able to read the Bible, and there were a lot of them.
Most is strictly true, but you are talking about a millennium between the clear primacy of Rome and the invention of the printing press, and half a millennium since so its not hugely more.
Finally, historically most people could not own books and had no to limited literacy. Literacy is not necessary to be a good anything, but its definitely better to be literate and have access to things to read.
A phenomenon that I see all too often is the absurdity of young adults who try to plow through writings of St. Thomas Aquinas and the Church Fathers, which is great, so when do they have time to read Scripture itself?
I think it's great that literacy and the printing press has democratized the reading of books, but when you're faced with such a corpus presented by Catholic tradition, you really need to pick and choose your weekly time investments!
I've inquired with a few religious orders as a layperson. The first thing you will find when inquiring with them is the thickness of tomes that land on the table for all adherents to read. Each religious order has a particular spirituality that is synthesized in the writings of saints and mystics. So if I was not already well-acquainted and well-grounded in the Old and New Testaments, and in the habit of reading those every day, what good would it do me to read Aquinas? Or Leo XIII encyclicals? Pointless.
The Bible itself has so many layers and aspects and messages for us. Many scholars invest entire lifetimes in understanding only the Bible. The only way to be a good Christian is to live the life. It doesn't matter what books you've read, at the end of the day, only your experience and your response to the Holy Spirit. If that means reading books, then good. If that means welding metal, also good. But, don't try to break open the words of Aquinas before you've read Daniel, or Matthew!