Some skepticism of this argument is warranted.
Every generation has been the "Me" generation. The old have always complained about the young, and will likely continue to do so until the end of time.
That said, I can't help but feel like there's some merit to the argument, also.
Neoliberalism started hollowing out our communities and undermining civil society long ago. What we're left with is a bunch of isolated individuals indulging in shallow consumerism.
Many of the examples of "what we've lost" in this thread have involved team sports, which is no coincidence. A successful team requires hard work, sacrifice, and putting the group before one's self. Those values are incomprehensible in a greed-drive consumerist culture.
So now people go the work in the morning already looking forward to instagramming their lunch and sharing it on Facebook (expressive consumerism at its finest). Starting a family is no longer a vocation, but merely one lifestyle choice among many. And the kids grow up to be just like their parents.
WOMAN: Who are the Britons?
ARTHUR: Well, we all are. we're all Britons and I am your king.
WOMAN: I didn't know we had a king. I thought we were an autonomous
collective.
DENNIS: You're fooling yourself. We're living in a dictatorship.
A self-perpetuating autocracy in which the working classes--
WOMAN: Oh there you go, bringing class into it again.
DENNIS: That's what it's all about if only people would--
ARTHUR: Please, please good people. I am in haste. Who lives
in that castle?
WOMAN: No one live there.
ARTHUR: Then who is your lord?
WOMAN: We don't have a lord.
ARTHUR: What?
DENNIS: I told you. We're an anarcho-syndicalist commune. We take
it in turns to act as a sort of executive officer for the week.
ARTHUR: Yes.
DENNIS: But all the decision of that officer have to be ratified
at a special biweekly meeting.
ARTHUR: Yes, I see.
DENNIS: By a simple majority in the case of purely internal affairs,--
ARTHUR: Be quiet!
DENNIS: --but by a two-thirds majority in the case of more--
ARTHUR: Be quiet! I order you to be quiet!
WOMAN: Order, eh -- who does he think he is?
ARTHUR: I am your king!
WOMAN: Well, I didn't vote for you.