This thread is becoming very thought provoking, don't you think? It seems like we are exploring what we mean when the lable "classic" is invoked.
I think the idea that something that has become part of our shared identity is "classic." Raise your hand if "The Barber of Seville" brings up memories of Bugs Bunny and Elmer Fudd. And think about how many of our daily conversations contain some sort of Shakespeare quote. And we all know that "A Christmas Carol" is endlessly re-interpretable by Hollywood.
Yes, I believe it is important to have a nodding acquaintance with Austen, Tolstoy, William Blake, and so on. These are windows into our shared culture.
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