I have been involved with audio since I was 7, so that's 64 years. I have worked professionally as a studio engineer and in a low-key way as a design engineer, with products in production. I have designed the acoustics for small professional recording studios. I also have a degree in psychology. I am not boasting, many are much more skilled and gifted than I, just setting the basis for my comments.
Nowadays on my recording desktop I have access to facilities that would have cost me literal millions of pounds in the 70's.
But we still have the same problems now that we had then:
- rooms
- transducers
- ears (as a special subset of transducers)
- brains
- expectations
Most of all the above are all kerap just as they always have been. Microphones have not noticeably improved since the 1950's (except in noise level), modern speaker drivers are better than Kellogg & Rice managed - note Kellogg also invented an electrostatic speaker - but not remarkably so. Ears need a tremendous amount of help and support to make any useful judgement of quality, and the expectations of brains ruin all objectivity and twist what we hear. Fewer and fewer people are actually familiar with what direct acoustic instruments sound like.
Unless it's a recording control room, or another room with a lot of acoustic treatment, most rooms are useless for analytical listening (though perhaps fine for just enjoying music).
Now DSP is what provides the million £/$/€ value in my systems, and DSP is what I use to correct the near-field response of my Neumann monitors so I can make accurate decisions - it's also used in most of my monitors to correct time and phase errors.
Some of this stuff can be done without DSP -- but -- why?!? When DSP is so much more precise and accurate.
Kindly realise that there is no analog signal path from the eardrum to the brain. A form of analog-y sort-of DSP is involved in the inner ear (as well of course as in the retina of the eye) and the signals sent to the brain are pre-processed.
All of which is why extreme caution is required in judging audio quality with "the ear". "The ear" is the final arbiter, but as I said, you need to give it a lot of support. I have absolutely zero empathy for anyone who adopts a belief-based approach to audio, and I have met many of them, some of extreme disconnect to audio reality, in studios, including engineers (!) and musicians, conductors, and of course audio "enthusiasts", even designers.
The idea that there was ever a "golden-age" of analog audio is simply wrong. Most of the older gear I had was kerap, and that's why I sold it. It was the best I could do at that time, and now I have digital gear to beat it. I do have analog processors, but I have them because of their characteristic flaws, which sometimes are useful in livening up synthetic production. I have kept JBL monitors, Lowther Acoustas, because they are interesting, not good - but sold every old valve/tube ReVoX I had (awful things), my RCA Orthophonics, my Tannoy Silvers and Golds, my Quad 303 and 405, (my II's were nicked), Leak, Radford, and so many more -- it's a long list -- and changed to Class D amplifiers everywhere I can, now that they have achieved decent quality. For main monitors I only use active speakers with inbuilt DSP correction.
DSP for me is the best thing that has happened to audio, and is slowly enabling us to get rid of the worst persisting features of microphones and loudspeakers, and via psycho-acoustic understanding, ears and brains. The only issue - latency.
There. I have set out my stall