What Just Happened?

I was in Epic Burger today with my roommate and her boyfriend. While they were talking I zoned out and started watching one of the TVs that hang on the wall. I was watching an old black and white movie. I'm not quite sure what the title was. There was a blond in a lavish dance costume, tap dancing in the middle of 8 men in tuxedos. She wasn't anorexic looking, her dancing was perfect and on cue, she was wearing hardly any make-up. Then I thought, "What happened? What happened to cinema? What happened to the standard of entertainment along with the ridiculous standard for entertainers." I've been trying to figure it out but I honestly don't know how or why certain actors/actresses/filmmakers/directors etc...have lowered the bar. I could only imagine what the premiere to 'All About Eve' was like.
For those that don't know, "All About Eve" came out in 1950. It starred Anne Baxter, Gary Merrill, Hugh Marlowe, Celeste Holm, George Sanders and my favorite actress of all time, Bette Davis. It won 6 academy awards; Directing, Screenplay, Actor in a supporting role, Sound recording, Costume design for a black and white film, and best motion picture. If you just watch the movie you'll see what real cinema is. The actors are phenomenal, the costumes fit the characters, the delivery of the dialogue is unmatchable. I fell in love with the film industry after watching "All About Eve".
At the risk of sounding like an 80 year old, times have changed. Times have changed a great deal. Now, we have a never ending saga of horrible movies (Transporter, Crank, Superhero movies, etc...) and very few original screenplays. With the economy the way it is, no studio wants to take the risk (or give the chance) to an original screenplay unless you're a big name writer/director. It's sad really. I am a directing major and here I am sitting, drinking coffee, writing a blog for a class for a profession that may not thrive for long. I'm not saying as soon as the economy is back to normal that every movie made from then on will be great....but maybe, JUST MAYBE, they'll stop making SAW movies.