Another note, if we assume that the Strauss-Howe cyclical generations/turnings theory holds any water then we really shouldn't be surprised that our current popular cultural hasn't produced anything of real substance.
The analogous point in the previous cycle to where we are today would probably be the later 1930s, and I don't remember anything of especial cultural merit being produced during that time (at least not in the United States). Popular culture then, like today, seemed rather kitsch and juvenile. Of course, this would make sense, as then (much like today) artists and musicians were approached with a certain level of skepticism by the general public for not channelling the fullness of their efforts into propelling the society-wide institutional reorganization.
Just some more food for thought.
Wizard of Oz
Snow White and the 7 Dwarves
The Hobbit
Brave New World
Grapes of Wrath
Of Mice and Men
As I Lay Dying
Batman and Superman comics