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People still produce real art, you just don’t see it combined with commercial products or architecture. Back in the day of yore there was real wealth and money was spent producing visually appealing items intentionally. The day income taxes were instituted was the day the US started dying. The money that would have been spent in the creation of art in buildings and objects went to the government. Now if a company can save a fraction of a cent in the manufacture of a device they do it. Everything is made a cheaply as possible to increase profits. Personal wealth declined so less money can be spent on artful design. Now the only entities that can spend lavishly are the government and large corporations. Personal art is bought on a tee shirt.