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Originally Posted by demonrail666
That's the standard answer but I'd maintain that the average quality of films Hollywood churned out in the 30s, 40s and 70s was far better than what we've seen since the 80s.
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I would attribute that to cultural nostalgia. We tend to remember the gems more readily than the turds. People are less likely to recommend seeing such old films unless they, in some sense, transcended their era. Those that don't are forgotten.
Then again, I doubt my position to criticize decades. I'm mostly apathetic about film as a medium. Perhaps my distance from movies informs my ease of impartial judgment.