No, it's a vapid pseudo-intellectual piece of tripe trying to point a finger at a problem that doesn't even exist, probably written on account of the author's own misplaced sexual frustration. It's laughable that Ms. Paglia believes our entertainment culture can have such a profound effect on our sexual desire. News-flash, buddy...people haven't stopped f*cking. If there's been a small decline in birth rate, it's because of an increased fear of raising children in the recession.
The drugs you mention are not for those looking to procreate, they are for those who want to have sex past the point where they were physically supposed to.