For the decade with the "greatest" bands at their peak, the 70's is without a doubt the best.
However for creativity and variety I personally think that in hindsight, the best decade was the 80's. Synths were popularized which led to new wave, hip hop was born, the last great guitarists hit the scene and metal peaked.
For my favorite genre however, it might sound crazy to say but the '00s were probably the peak. I like electronic music (trance, house, everything really) and their have been great acts since its invention, (Kraftwerk, Depache Mode for the 80's, Deepforest, Moby and Daft Punk in the 90's) but the 00's, with the popularization of "basement producers", really saw the style of music take off. I think '05-'10 was the pinnacle of Electronic music so far. Alot of the acts that dominate the scene today, such as Deadmau5, Tiesto, David Guetta, The Swedish House Mafia guys and Armin Van Buuren, were releasing their best work during that time, and a lot of the other big acts, the Avicii's and the Afrojack's, were starting their rise as well.
Now the only worry is that, like hip hop in the '00s, Electronic goes super commercial (*cough*Guetta*cough*) in the next decade... We shall see.
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