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How does everyone everywhere having a really decent camera ruin photography? One of the things we had to do in photography class was use a disposable to take well composed shots (but also we developed the film ourselves). A phone camera would make those look way better.
Photographic art is drowned in a world of snapshots. That which we obtain too cheaply we esteem too lightly. Of course, there are a lot of awesome upsides and people can still do photography as a hobby, but there's a real "you can't go home again" feeling. You probably would have had to been into the hobby prior to the smartphone to appreciate the loss.
Snapshots can also have artistic value. Something that was also taught to me in my photography classes that I took before smartphones were a thing.