What am I missing?

When discussing streaming we often hear the quality achieved by streaming compared to "cd quality". "Cd quality" seems often to be the standard by which streaming is favorably compared while cds have at the same widely fallen into disfavor as a medium. If "cd quality" continues to be a quality standard by which we judge streaming services -which it appears to be- why exactly do we hold cds in such disfavor? More sophisticated dacs can always be employed with cd transports as they are with streaming. I understand the convenience and storage issues with cds but I also understand that with streaming you will never own the music which you do with cds. This becomes even more unclear to me when considering the resurgence of vinyl and the storage and convenience issues involved with this medium. I don't believe the music industry ever wanted us to own the music we listen to but rather preferred we only rent and pay for that music each time.