As someone who recently started hoarding old tools I wish that was true for all things.
We just recently got a singer 500a and its still impressive the engineering that went into that thing. The machine work is beautiful, and if you told me it was made in a CNC machine today I would of believed you.
Today modern and new, just means slave labor and plastic molded parts. Besides computers a lot of things haven't really changed. And often when they have changed it's for the worst. If I get a sewing machine today it would come with some app and internet connection for no reason, and would have plastic parts that struggle to get through 3 layers of cloth. While the singer 500a was meant to run 24/7 and is essentially the same exact thing.
For the most part the world has kind of been solved sense shortly after the industrial revolution. All the general commodities we interact with where mostly at their peak form back then. Dish washers, fridges, washing machines, driers. They're all almost exactly the same as they where when they where invented. There have been minor improvements that have been added over the years but for the most part things are in general just shittier.
You can blame so many things, you can say that mass production, trickle down economics, exporting labor etc all causes this. You can say that everyones access to mass produced garbage is an indicator of wealth and poverty dropping. What I don't think you can say anymore is that things "products" are better than they where in the old days.
I agree with your statement about cultural aspects though. Other than that when I hear some new innovative product the first thing that comes to my mind is its going to be another internet of things device that constantly bugs me and asks for more data, while providing 0 utility over the old version of the product, if anything its going to add more friction to my task, or attempt to insert a paywall into my life where one never existed before.
With games its harder to objectively say things where worse/better, but this infection of syphoning money out of every possible source infects games too. The only reason I can't say new modern games are bad is because indie games exist. Some of those indie games actually have brought me back to a childhood state where games where actually fun.
Probably something that is so basic or integrated into the distros I use that I forget about it because every time I use it, it just works.