I can't help but feel this is a bit of a case of a glorified and idealised memory.
Yes, cricketers in the youth setup today fall into three main categories - (i) kids at private schools, (ii) kids whose fathers are obsessively keen on the game and have inculcated said addiction from an early age, and (iii) kids whose best mates fall into (i) or, more likely, (ii).
Let's be honest, even if cricket was freely available on terrestrial TV, we're no longer living in a world where there are four channels and everyone has to watch one of them if they want to amuse themselves. We now have hundreds of channels available to everybody on every TV set, and that's without considering the impact of TV on demand, the Internet, smartphones...
Club cricket still has a massive participation rate in the summer (even if the standards are not great), the women's game is on the rise and rise and the national side / academy setup is in the best state it's ever been in. I'm quite happy that we don't have the 80s and 90s back, thanks very much.