So what is the problem? It goes low, if not accentuated it would be more or less accurate. If you mix some realistic lows they'll be there, and JohnnyQ Public with his little speakers will never hear it. His little speakers may choke trying to re-produce it. So the answer is to put no real lows on your record? I don't know if that is the thinking in the business.
Honestly, it may be for some tracks. I think with arguments like these, there's an attitude that there is "one right way to mix" and that's it. But it's really the total opposite. I'm not a mixing engineer, but I've listened to enough music across enough genres and types to know that well... there are CLEARLY as many opinions about "how to mix" as there are opinions about what the best music is.
You have some EDM tracks with absolutely insane low-bass that is not normally present in any sound outside of film tracks, for example. And then you have some pop music that seems like it must have been mastered with an 80hz high pass lol.
To add to that, surround, film, and concert mixes often seem very different from "normal" stereo mixes in terms of tonal balance. Hans Zimmer's Live in Prague concert in Atmos for example seemed like it had quite a lot more bass in the mix than his normal distribution stereo albums.
So yeah, like every other industry, I expect that there are many competing visions about what you should mix on and how you should mix it for different types of content and playback systems.