Phono Stage - The great analog tragedy


In the world of analog playback, there is an interesting observation. There has been tremendous innovation in the field of 
Turntable - Direct, Idler, Belt
Cartridge - MM, MC, MI
Tonearm - Gimbal, Unipivot, Linear Tracking

For all of the above designs we find some of the best reference components designed in the 50s, 60s, 70s and 80s. Most of the modern products are inspired from these extraordinary products of the past. But when it comes to phono stage, there is hardly any "reference component" from that era. They just standardized RIAA curve for sanity and left it. Manufacturers made large preamps and amps and allocated a puny 5% space for a small phono circuit even in their reference models, like a necessary evil. They didn’t bother about making it better. 

The result? It came down to the modern designers post 2000 after vinyl resurgence to come up with serious phono stages for high end systems. Unfortunately they don’t have any past reference grade designs to copy or get inspired from. Effectively, just like DACs, reference phono stages is also an evolving concept, and we don’t have too many choices when we want a really good one which is high-res and natural sounding. Very few in the world have figured out a proper high end design so far. And most of the decent ones have been designed in the past couple of decades. The best of the breed are probably yet to come.  

It is a tragedy that our legendary audio engineers from the golden era didn’t focus on the most sensitive and impactful component, "the phono stage"

pani

EMT ( Germany ) started their excellent range of MC cartridges in the late 1950's early 60's.

Leak and Tannoy  ( England ) produced excellent moving coil cartridges in the 1950's and 60's

I reported “the way I experienced it”, and my experience is dictated by the fact that I didn’t become a bona fide audiophile until about 1970. Yes, I knew nothing about Ortofons sold in the 1950s. Shure, Grado, and ADC high output cartridges dominated the US market until the mid 70s.But I do maintain that J Gordon Holt in the late 60s and then HP in the 70s, both journalists, virtually created audiophilia as we now know it in the US.

Forgot Pickering and Stanton as dominant cartridge brands in the US in the 70s and before.

What tragedy? If phono stages over the years were as deficient as OP suggests, how in hell did the vinyl LP format survive these many years?