For me, it's 50/50. I'm older now so I look back on how the web used to be with rose colored glasses. But also, the modern web really does suck. You have very little control over self expression, everything is owned and operated by a few international conglomerates, censorship is everywhere, everyone hates eachother, etc. The trend seems to be to lobotomize tech and reduce the awesome computing power we now have to 30 second videos of nonsense.
I think the question isn't whether the modern web sucks, but whether the old web was actually any good (or if I'm just being nostalgic)