As someone who is pretty anti-establishment myself, I'm pledging Pike this semester (initiating this Friday, fuck yeah) and I don't regret it one bit so far.
Sure when you're pledging there's some bullshit that happens but you have to realize that not everyone in a fraternity is a douchebag. As a guy who used to be totally anti-greek, I can see where the haters are coming from. It's NOT simply paying for your friends. Dues are so that the fraternity has money to do things (aka throw parties, have retreats, donate to philanthropies, have money to start fundraisers, etc.)
This is NOT buying friends. Throughout your pledge semester, you build friendships that will last longer than most friendships you'll ever have. My pledge class is extremely close and we'd do almost anything for each other. You can call that homoerotic, I don't care, but don't hate just because you haven't experienced it.