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I've never really payed attention to the oscars other than a reference list for when I want to watch movies I haven't seen before. I have other lists that normally work better for finding what I like or think are fantastic movies. Any democratic process seems to devolve into a popularity contest, whether public or in a select group. Maybe a large rotating panel of established actors/directors/critics/etc could provide better fair assessments of movies' "award winning" qualities.