And the winner is...
The film that pleases the white, gay, rich old foggies on the awards panel the most.
For example La La Land ffs.
Put some diversity into the judging process and you'll get a much broader scope of what's awards worthy. Keep giving the same people the same power then you will get the same results. It's not diversity for diversity's sake. It's diversity for fairness sake. An oscar nomination can put millions on the gate receipts for a film and untold kudos to the film makers. It can make their chances of making their next film a whole lot easier. So it matters.