Agreed regarding the audibility of (data-) compressed audio, just put on some classic jazz with trumpets and lots of cymbals and the artifacts are immediately apparent.
Not going to argue with you regarding dynamic compression, but after backing away from the worst excesses of the volume wars by mastering engineers in the mid '00s, things are sounding better to my ears. Dynamic compression can sound good (even in the extreme) if done for artistic effect. Like here's Beck's Ramona where the drums & cymbals have the tar squashed out of them with serious limiting, which to my ears nicely tames the sonics of Joey Waronker's spirited performance, while fitting well dynamically into the rest of the song.
https://www.youtube.com/watch?v=e3yZ9OVjzbE
That said, maybe the engineers responsible for some of the worst dynamic squashing could be pressed into TV/film audio service where in 2026, there are still extreme volume imbalances between on-screen dialogue and everything else (hint the dialogue isn't loud enough and the everything else, especially crashes and explosions, are wayyy too loud).
It’s not so simple.
Today “loudness” is an aesthetic choice and good mixers and producers know how to craft a record that is both loud and of good sonic quality.
There is a place for both dynamic records (in the sense of classical or old jazz records) and contemporary loudness aesthetic.
Can inexperienced producers/mixers do a hack job trying to emulate the loud mixes of pros? Yes. The difference comes down to taste and ability to execute with minimal sonic tradeoffs.
Source: I have a long history producing, mixing, and mastering records and work among Grammy winners regularly. Very much in the dirt on contemporary records.