Maybe at one time they were, but Hollyweird is nothing but a sewer anymore.
I don't think Hollywood makes any Hollywood movies any more.
I think they film in Canada, Mexico, Italy, New Zealand...
There were bad movies back in the Golden Age as well. They've been forgotten. There are plenty of good movies today you just have to look for them. Unfortunately most movies are aimed at teenagers.
Not True
There are plenty of fanastic movies that have come out in past several years.
Such as The Lord of The Rings trilogy.
I think Borges is really Jack Valenti.