Agree with a lot of this. The bicycle is simple, elegant and efficient. It serves a lot purposes and should be accessible to most if not all people to enjoy. You can still find these bikes in mid and lower tiers. You can still buy beautiful steel bikes. The competitive, high-end market drives innovation and price increases. I don't need or want a lot of the latest tech that makes maintenance a nightmare, but I simply won't buy those bikes.
I don't like the elimination of high-end mechanical groupsets as I think they reached a pinnacle (sorry Lombard
) and then they ditched them completely. That doesn't make sense to me.