Phasing out of Compact Disc

Political economy - a calculated decision to shut LP production down? Where did it come from? I don't think the casette was such a big factor here in Europe. Could it be, mainly, that the world went slightly mad, buying into the hype of the CD and the digital medium?
I mean, I did so myself. I was a great enthusiast of the "PC revolution" in the 80s, and became a programmer at my spare time. I thought, a bit is a bit. I had recorded analog, on a Revox A77, for twenty years - but I now thought, digital is the way to do it, and bought DAT recorders. Digital means perfect! I was under the spell.
Happily I also invested in a better analog system - and discovered my errors.

Thanks Ivan - political economy and music is interesting. Nuts? No not at all. And - I respect differerent ways to get good sound. The CD was not all bad. It was bad only from a certain cut point and upwards in the existing audio systems / consumer market / class- and status-divided society. If you were below that cut point, the CD did sound 'objectively' good. For example, if you had a $250 analog rig - or even a 1250 rig. What happened was, this cut point gradually went up, and for those below, the CD really was a good thing. First, in the 1990s, analog specialists (like Lyra) learned how to go beyond the digital sound. Next, in the 2000s, how to make this better sound for less money. Thats why the vinyl market has a rebirth. If you factor in Michael Fremer, this causal model should be just about 99 percent right!! :-) Enjoy your music!