Eliot too saw culture decaying around him and foresaw a time in which there would be no culture. This time, Vargas Llosa argues, is ours. Eliot has since been under attack for what his critics often describe as his elitist attitudes – as well as much else – and Vargas Llosa will probably also be tarred with the same brush for his pains.
There you go again. Every couple of years we get another round of "the death of culture" books/essays about how stupid we've all become because of the internet or comic books or movies or pop music or anything not in The Canon. It's the rantings of elites out of touch with current trends and pissed about it.