There were restrictions on player movements particularly non European players. Many of the best South Americans and Africans did not play in Europe as they do now. Even taking that into account, these great club players now should show up in the NT, after all Barca players are winning with their NT as well and not just dominating the club scene. I dont think the current Portuguese team is as good as the 2000 team, the French 98-2000 and the one they have now as well as the Dutch 98 team compared to what they have now. I dont think the format of the tournament should make a difference towards the level of talent. Many Nt have regressed, Brazil went from a cycle of Romario-Ronaldo-Rivaldo-Ronaldinho to a team that is struggling to find a consistent number 9. France havent been the same after that 98-2000 generation left, they got to one other final with those old guys because the new generation are just not comparable to the older one.
I recall seeing Serie A in the late 90s, EPL when Sky took over. The la liga Messi/Ronaldo play in is not as good as the early 2000s , back then even Valencia got to back to back CL finals and that was the caliber of competition in addition to Deportivo. Real had to pretty much sacrifice the league to play well in Europe and the only teams that played well in both tournaments were Juventus,Bayern, and United to an extent. The wealth is concentrated in a few clubs and also the talent.
its called "generations" breh some generations are better than others and that will always happen...i dont get your point...all the big nations always have quality players and develop them thats why they are the "big" nations..but some generations are better than others in certain things not in everything...
as for the club thing again you talking about competition between big and small clubs and that has to do with "money" not lack of talent...the teams with most money snaps the best player..its that simple the talent is not as spread out as before...but it goes back to my point about globalization of the game and the tv/money aspect not lack of talent