I'm with you and I while like this myth if there was a modern Velvet Underground, "living in the underground" somebody would be trying to make a buck off it. The Alan McGees of the world need fuel for the fire. The closest thing I can find as an, "industry expert" is Jesse Welles who's blown up on Instagram and YouTube.
If you want music like we had in the 20th century we need institutions, producers, entrepreneurs, a literate public, and a positive economic set. We need to pay musicians money to do their jobs. Music isn't a hobby. As the poet once said, "music is proof that there is more to the human than there seems."
They are probably on Bandcamp and sometimes their songs have 500 views on Youtube.