It depends on what you are referring to as "made up." There are many different "types" of "Paganism," encompassing everything from the more "made up" flavors, like
Wicca...to the "Reconstructionists," like
Greek Polytheists,
Asatruars, and practitioners of the
Religio Romana...all of which are based on the ancient texts and religious practices of "real" belief systems.
I certainly feel a little embarrassed by being associated with some of the "fruitier" elements of modern Paganism...but there are also many serious people and academics involved with it...though they are largely associated with the Reconstructionist elements.
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