The impression I've had from reading supposed Great Works is that they often (but not always) fail to tell you much that's new about life or love or the human condition or what have you, but they do often tell you a lot about the evolution of fiction as an art form. That doesn't generalize all that well, but it does make you a better reader and a better writer.
Another point: if you're reading works that're central to your native literary traditions, you're likely to have already picked up most of their major themes through cultural osmosis. That doesn't mean they weren't insightful at the time, but it does mean you've been spoiled for that aspect of the books. If you're looking for new insights in your fiction, reading Great Novels from a culture you don't belong to is probably a better idea than digging into your native canon.
they do often tell you a lot about the evolution of fiction as an art form.
Hence why I thought it might be easy to see where there was room for improvement using more modern techniques.
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!