T.S. Eliot: "Tradition and the Individual Talent"

        In this excerpt, T.S. Eliot writes on the tradition verses talent of English writings. He seems to believe that the tradition is important, however it is not nearly as important as the talent of the writer. He talks about past authors verses current authors (according to when this was written, that is), and compares their writings. The author argues over real emotion verses flat emotion.
        This connects with Shelley's "defence of poetry" very well. It deals with the poetry instead of focusing on the author, and shows that writing is in fact important and worthy of fame.
       What does this man believe about good and bad literature?