I am not an engineer, but I have my theory.
The issues with source, TT back the and then CD, electronic, solid state amp, and transducer have been resolved for more than 40 years, possibly even more than 50. We had great sound in the 70’s. We had great recordings and the means to play them. There is that belief, partly because of advertising and marketing, but not only, that audio, but not just audio, is improving, but it is not true. Trough the years, we got more convenience, better affordability, for in the best case scenario similar performance. Most, if not all the so called advancement are either not audible or not implemented in a way that gives us any audio benefit.
All the industry really came up with is changing the format again and again so some people can buy the same content in a different bottle again and again. They also came up with adding amplification and speakers, 5.1, 7.1 or .2 when it is not .3, to 9.x, when a pair of decent speaker properly placed in a decent room will do a better job.
So yes a 30 years old CD player fed with a good 30 years old recording, with the matching 30 years old 2.0 system properly installed in a decent room will still produce state of the art music reproduction. Yet 90% of the post, here and other forums are about the new gizmo and replacing item a by item b as if it will make any difference.
Funny, isn’t it?