Be careful not to confuse global and local feedback. The comment:
"Feedback circuits have been with us since the 1920s and we are now just elliminating this basic design feature in modern amps and preamps"
is quite incorrect. There are designs with no global (aka "overall") feedback which does have some benefits - and thus some disadvantages too - but they definately still use feedback in the circuit. It is just applied around the transistors instead of around the circuit.
The marketing gurus have done a great job of convincing audiophiles that zero feedback is the way to go but no functional amplifier design actually exists without any feedback.
"Feedback circuits have been with us since the 1920s and we are now just elliminating this basic design feature in modern amps and preamps"
is quite incorrect. There are designs with no global (aka "overall") feedback which does have some benefits - and thus some disadvantages too - but they definately still use feedback in the circuit. It is just applied around the transistors instead of around the circuit.
The marketing gurus have done a great job of convincing audiophiles that zero feedback is the way to go but no functional amplifier design actually exists without any feedback.