Of course not. The trope of decline and decadence is an old one. More than two millennia ago Roman aristocrats complained about the times and the customs: how shocking it was that children no longer respected their elders, that everyone was worshipping foreign goods, and that a slave girl cost more than a sword.
But I daresay that back when my grandfather went to Harvard--at at time when perhaps 2% of Americans enrolled in college at all--it was distinctly uncool for anyone of his social class to try to get better than a C (and his social class made up the majority of the student body). And that were Michael Yates cast back in time into his golden age and confronted with my grandfather, or with George W. Bush, he would soon be singing a different tune.
Brad DeLong