I think painting with such broad brush strokes is wrong. And IMO, the thing about that era being better because of "ear for listening to music" and "musicians or listened to live music as well and hence knew what to expect" is mostly humbug.
There were duds then and there are duds now. There were gems then and also now. We see only the past gems and draw conclusions for the era. Wrongly, IMO.
The "good old days" in retrospect are always viewed through rose tinted glasses. The same way our children/grand-children, in the future, will refer to the present as the "good old days".
I completely agree with you. I find it strangle to believe that a modern audio equipment designer (making audiophile equipment, not mass market stuff) would not bother to listen to the equipment she/he was designing. I really don't think the "ethos" has changed all that much (if at all) over the years. This industry is a bit like watch making or making custom cars. The values have remained the same, and customer requirements have remained the same.
The only difference is that watch collectors and car collectors don't have romanticized notions that the quality of watch making or the quality of handmade cars has deteriorated over time. Don't get me wrong. They still collect vintage watches and cars with a passion. However, they are not attempting to make comparisons with modern handmade watches and cars. There really is no *need* to make comparisons. So why does the audio world persist in this??
I hope I am not going off-topic but I have this exact same opinion about "vintage" music as well. I can only comment about rock and not other forms of music, but there is an irrational and very wide-spread notion that certain eras of rock music were the "best". You even see it in pubs. Its like we live in a time warp. There are many many bands - many barely 5 years old - that are performing and composing at very very high quality levels. If anything, there's more talent today than ever before.
The only difference is that today's talent has not been distilled or filtered through the lens of time. Again, the classic bands of 70s and 80s etc. (or any other era) also had their massively talented performances and songs. The older eras also had their themes. In fact, because of widespread access to music over the internet, today, you no longer have a mono-culture that you used to have before the internet era. Earlier, if you had to survive as a musician, you had to conform to that era's theme and had to tailor your music accordingly. And if you successfully managed to veer off-course a bit *after* becoming famous, you were called innovative.
Just some random thoughts. Apologies if I took this a bit offcourse.