There's still plenty of fresh underground music and the 'kids' are doing just fine. Yeah there's loads of mainstream garbage out there, but there always was. The main difference is that this stuff was being invented, whereas most electronic music now is derived from those early 90s invented genres, but even saying that there's still plenty of creativity.
There's a night in London called Cartulis (which is usually at Fold), when I go there it feels very much like the early rave scene to me (this is just one example, of course). I think there's a tendency when we get older to not be as exposed to the bubbling undercurrent of music, so it's easy to just say "it's not as good as it used to be", but that would be a mistake imho. It's there if you look for it.
There's a night in London called Cartulis (which is usually at Fold), when I go there it feels very much like the early rave scene to me (this is just one example, of course). I think there's a tendency when we get older to not be as exposed to the bubbling undercurrent of music, so it's easy to just say "it's not as good as it used to be", but that would be a mistake imho. It's there if you look for it.