Controversial opinion: the Internet didn't die, you just got left behind.
Gotta keep up. The edge of culture is always moving and trying to stay put is a guarantee that you'll miss out.
The community of memes is more varied and nuanced than leekspin ever was. There's more lowbrow comedy sure but there's more of all types of content.
If you only see shit you hate online it's your fault. Go find places you enjoy (for me that's lemmy, as an example) and teach your algorithm to stop showing you rage bait by not falling for it.
Tiktok has plenty of problems but if you teach the algorithm that the only reason you're there is absurdism and the bizarre: you'll end up with an absurd and bizarre feed.
I also agree, sometimes you forget that just like in the past, you still have to dig to find something good. Maybe the algorithm stuff confused people or something idk
Humans are flawed. We forget how much things suck and remember what was nice about them. That can be good in getting along better with other people - but it sure causes a lot of problems in a modern context.
No - the internet pre-eternal September was not perfect. Objectively speaking it was less useful and less helpful than the modern web. A bunch of old heads got mad that they couldn't keep using the same crusty Monty Python jokes ad nauseam when they had to routinely interact with the general public.
A phrase I read a while back that has pretty dystopian vibes but is pretty useful as a concept is "algorithm domestication". It's more or less what you describe in your comment.