Christopher wrote:

But it goes to show how completely nonsensical it is to complain about reusing old ideas when talking about The Rocketeer. It wouldn't even exist if not for the reuse of old ideas!
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And the villains in the original movie were thinly-disguised riffs on Errol Flynn and Rondo Hatton. The whole thing is a big nostalgic homage to the pop culture of an earlier era.