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I'm still agreeing with you but only just. Listen to some recording from the 50's, Belafonte at Carnegie Hall was recorded with 3 mics, that was an orchestra, band and singer. We've forgotten more than we learned and the proliferation of cheaper means to record has freed people to perform and record but the quality is vastly diminished.
I've been happy with digital audio at 24/96 for many years. I can't hear any difference between the source and the recording. I'm happy playing my 24/96 recordings of vinyl. I don't believe there's any cut off of the sound within the audible frequencies, unless it's compressed digital you're talking about.
Airhead
Yes, obviously there have always been terrible analogue recordings, and rather fewer very good ones. There's still the potential that digital will never have because it cuts off a good deal of the sound, the foldover effect, and so on.
And certainly, even CDs can sound good--I was just listening to the CD transfer of 'Turn of a Friendly Card', and it's very good, but the original album is simply better. The highest echelons of analogue in the 70s were just amazing, and then much of that technology was thrown away for commercial expediency.