This has always been a strange argument imo. Of course the past seems to have better music when you look at the greatest/ best bands or artists of that time. There were still f*** tons of garbage music back then, but we don't care about that because we can just choose to listen to the best of that era. With modern music, we're more exposed to everything that's new, unrefined and popular. It isn't possible to show a downward trend of "quality of music over time." Music just changes along with the people and cultures who make and listen to it, and people just have preferences.
tl;dr - there is good modern music, it's just also presented with the lower quality music that's put out along side it
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