I wonder how good hifi gear was in 1981. I have no idea. Because I would claim that one "magical" listening experience I had this year was definitely only possible because of the very expensive high end gear that was carefully assembled and tweaked by the owner. I knew the song we were listening to and I already liked it before, but it sounded so otherwordly on his rig that it was indeed "magical" in a sense.
Concerning music in general I'd also claim that one needs at least a decent system in order to appreciate much music. At the same time there's also music that doesn't need a decent system but I think he's too generalizing there or has never heard a truly great two channel setup (again, I don't know what was possible in 1981).
Freudian weirdness aside, most of what's in there is pretty familiar stuff. Especially the final target really being manufacturers ginning up nonsense reasons to sell stuff for inflated prices.
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