you do realise that people often pose this very same question whenever there is something new in the market or when there is a generational shift in technology.
I am sure people were repeatedly distraught over the decades when we moved from mono channel to stereo and then to multichannel audio. But yeah, tech keeps progressing man.
Since the first Berliner/Edison reproducers, there has been steady progress.
Cylinders, then flat records
Acoustic then electrical recording then tape
Shellac then vinyl
78 then LP
Mono then stereo (with an aside to Quadraphonic)
AM then FM
LPs to CDs
In every case there has been a clear and unequivocal improvement obvious even to a layman, not just engineers.
We reached a state with CD (16/44.1) that was audibly transparent on every test done, and at about the same time, amplifiers because transparent, so as far as sources and electronics went, that was the end of the road, full transparency. Any improvements have come from reliability, power efficiency with Class D, power output and £$€ per watt. Not anything audible, but of some value certainly.
Since then, there has been some improvement on the remaining issue, that of loudspeakers, although in some respects it's gone backwards as manufacturers try and 'stand out', but notwithstanding that, the best loudspeakers of today are measurably better than the best of the past. Not yet perfect, but better.
However, manufacturers of electronics can't just say, 'Here is yet another transparent amplifier, just like all the others' so there has been a whole industry devoted to creating a mystique about improvements, higher sample rates, more bits, lower and lower SINAD etc etc. That's without considering the real snake-oil of cables, supports etc etc.
It's hard to accept that our hobby has reached the end of possible improvements in electronics, which is why so many have gone back to valves, vinyl, tape as something to play with rather than just to use as a tool to listen to music with. I too like restoring vintage electronics, not because it sounds better, it doesn't, but both as something to do, and to keep good stuff out of landfill.
I think you confuse the desire for and interest in technical improvements with the need for them. There is no need, but I accept the desire.
S.