I believe that, for the most part, romanticism is dead in today's society. The media we consume and the way we live practically forbids it. The cult of convenience serviced to us on a silver platter by our technology has begun cut off Romanticism as an idea.
I believe that we have a Romanticism cycle as a society. We start off as groups, transition towards individuality, then as this becomes scary, back to groups, which become boring, back to individuality and so on and so forth. You can trace this back to the era of Dante, I believe, as the beginning of this cycle marked by the first use of the vernacular.
Currently, we are in a non romantic era. We are done with being different, special, and all crave convenience. Eventually, the novelty of this convenience will wear off as technology takes away more and more of the daily grind of our life and we will transition back to an individualistic era, but in today's Identity Politics marked society, where everyone belongs to a group on every issue and everything is black and white, romanticism is most clearly dead.
While I agree that there are phases to romanticism, I don't think that generalizing all the world's people into individualist and conformists. Sure, there is a lot of conformity, but that does not necessarily mean that Romanticism is dead
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