I Would disagree with you as for as values vs prices. A Rolex watch today
is much more over priced than one available 40 years ago. $450.00 vs $6500. In 1962 JBL's most expensive woofer the 150-4C sold for $114.00
There actually is more discretionary income today especially with a larger middleclass. There is no blame , it is just that companies such as JBL were
sold and the new owners were not that interested in audio but in the bottom line.
I remember talking to Saul Marantz at one of his visits to St.Louis , The new Marantz 10B was being presented. Mr. Marantz said it cost more to
manufacture the 10B than what we were paying for it.
The list of pioneers in audio of those that sold out or closed because of cheap transistor and the change in musical taste as well as lower expectations is endless. Marantz , Jenson , Electro Voice , Ampex, Crown ,
Fisher , Scott, Bogen , Pilot , Garrad , Empire , Rek-O Kut etc,etc.
Frank Sinatra said in the musical " That's Entertainment " You can wait around and hope but you will never see that again "