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The current state of mainstream alternative rock is so dire that there are no acts to get excited about, so everyone is getting excited about stuff that happened 20 years ago instead. The real question should be "Why is alternative rock in such a terrible state right now?" And my answer is that it's because major labels are unwilling to take any risks, there are no big independent labels like 20 years ago who can break an exciting band, and the bands that people should be getting excited about are unwilling to play the corporate game. So there.
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