The words from that Wonkette screed I posted that stuck with me were "Our art is shit and our literature is empty." When you study history, one of the things you pick up unofficially is the idea that nostalgia and rose-colored glasses play a tremendous and pervasive role in shaping our perspectives of both the past and present. Not only that, but
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What disturbs me about the current situation is that it doesn't seem to be just embittered middle-aged people talking about the decline of our culture. When you have 20-somethings who believe that we're living in an age of cultural decline then that can't be a good sign.
And when you have people with wildly differing political views who agree that we're in trouble then again you have to worry.
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The more disturbing question to me is not our intellectual demographics but our aspirations, what we think we ought to be, and who is in charge, who we trust to be at the forefront of our culture and push it forward (or back). There are simultaneously more educated people in the US right now and the idiocy of Sarah Palin (and Ronald Reagan and George W. Bush). There are both more really good poets writing than ever before (some of whom are boring) and "slam" poets (some of whom are good).
The need for an elite is another issue (but related), one I've been planning to write about for some time, so that'll be an interesting cross-argument.
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