Thought I'd repost an earlier thread response:
"Its more the media and marketing that drives sales in both the recordings of the actual music and the equipment used to reproduce it. Why do you think the IPOD is so popular, because it sounds the best?
The competition in the 70's was fierce and it forced companies to build equipment with higher quality in order to compete. Now it comes down to what is marketed better, have you paid attention to the number of ads running for the Bose systems, I think its a joke, but then again I see a lot of my friends who have them and go nuts for them, and even show them off to me.
My generation is ignorant to what is out there, not so much because we don't want to have great sounding gear, but because most people my age view the Best Buy equipment as GREAT, I was one of them, but once I heard the Marantz 2226 with the Altec 19's I was hooked. Unfortunatly, most people from my generation aren't that lucky and would not even consider buying something that was made 30+ years ago.
Most of my friends know about stores like Tweeter that sell higher end gear, and a few of my buddies have decent systems, but the problem is that no one today can afford to spend the money needed to experience what you (baby-boomers) experienced when you were younger. There is just nothing out there marketed to the average consumer and sold at a reasonable price to open the door for those interested in experienceing a true Hi-fidelity system.
Not that the equipment and speakers in your time was cheap, it was most certainly not, but even the lowest model would sound fantastic compared to what is out there today/ Many of the entry level speakers like the Dynaco A-25's, Advents, and heck even the L100's were accessible to the average consumer which allowed the market for true hi-fidelity systems to be introduced and appreciated by the masses.
This is especially true for speakers, none can be bought for under $1000 to rival even my L36's. So how else is someone supposed to know what they are missing if they truly can't afford it, or have no way of finding out what they are missing when they are content with headphones and MP3's? I read in my newspaper, The Daily Illini (University of Illinois), in a blind trial with identical stereo systems, I don't remember the equipment used, but less than 10% could tell any difference between a MP3 and a CD. Its amazing what marketing can do to brainwash us all."