how it perfectly expressed the zeitgeist of a time and place
I strongly disagree. That kind of mood can be found anytime, anywhere, among any social class.
Guy born with status gets girl born with status who was previously courted with guy born without it who doesn't know the codes of status all that well. The latter sets out to obtain status, at great expense, all for the sake of getting the girl, on whom he fixated as a status symbol and the solution to all his self-esteem issues.
He fails because of his lack of belief in his newly-acquired status, in the face of the first guy, who is absurdly secure in his own. Also because he's terrible at making practical plans and gathering the information he needs; he's charming, but in the end he's an un-savvy, socially awkward dork.
There are social gatherings of high-status people which are entertaining yet disappointing. Pleasures are abused, and ennui is rampant.
All is passively witnessed by a guy with middle-status is fascinated and repulsed at the same time by high-status people, and has a bad case of cognitive dissonance about it, i.e. sour grapes.
Frankly, this story could take place in a freaking playground, or have a cast of chimpanzees, and still work.
Well, that is why I added the "some would say." =)
I'll grant you that The Great Gatsby is probably too good a book to be used as an example of obviously bad literature.
There are definitely parts of the book that seem to emphasize the absurd excess that became the hallmark of that time and place, but I agree that in general it's a very universal story template.
From EY's Facebook page, there were two posts that got me thinking about fiction and how to work it better and make it stronger:
I was wondering if we could apply this process to older fiction, Great Literature that is historically praised, and excellent by its own time's standards, but which, if published by a modern author, would seem substandard or inappropriate in one way or another.
Given our community's propensity for challenging sacred cows, and the unique tool-set available to us, I am sure we could take some great works of the past and turn them into awesome works of the present.
Of course, it doesn't have to be a laboratory where we rewrite the whole damn things. Just proprely-grounded suggestions on how to improve this or that work would be great.
P.S. This post is itself a work in progress, and will update and improve as comments come. It's been a long time since I've last posted on LW, so advice is quite welcome. Our work is never over.
EDIT: Well, I like that this thread has turned out so lively, but I've got finals to prepare for and I can't afford to keep participating in the discussion to my satisfaction. I'll be back in July, and apologize in advance for being such a poor OP. That said, cheers!