A. You don't understand how compression is used to musically enhance a bass signal.
B. Not to be the bearer of bad news, but
every single album you've ever heard has multiple stages of compression on the bass, and there's a really strong likelihood the FOH is compressing your signal as well
False. You're not the "bearer of bad news". You're greatly exaggerating
Most studios operating before I was born didn't even have enough compressors to process the bass individually at mixdown. Remember that due to channel count constraints, mixdown (as we know it today) also occurred during tracking. In fact, there are many recordings from the 50s, 60s, and 70s which didn't even use a dedicated mic/channel for the bass. If your argument is that tapes, tubes, speakers, etc reduce/limit dynamic range, then your entire response is out of context. The only compressor/limiter you can reliably say which was commonly applied to basses would be the one typically applied to the final mix (eg when CDs are mastered). Even then, it's not exclusively applied to bass.
In the studio, we often refer to compressors as Talent Boxes. A compressor isn't the only variety of Talent Box btw.
Compression is often used because the artist doesn't have great technique. This could be a vocalist with poor mic technique or a bassist or drummer without great dynamic/stick control - as a few examples. True, levels can be automated but that is incredibly tedious so people working studios tend to use some compression or limiting to rein in a performer with mediocre technique. IME compression in the studio is used as a timesaver more often than it is as an "enhancement".
Sure, compression can be used for "larger than life" sounds. However, if it's used constantly, the music/instrument lacks dynamic range and the impact is quickly lost because the music is constantly "enhanced". I like to liken it to use of sugar and salt in cooking. Use it judiciously. If you load up everything you cook with sugar and/or salt you will ruin a lot of good food. Of course, compression amounts are genre/style specific.
I really don't get why so many people piled on to
@2112 's comment, either. I wish there were more people who could make a good recording without using a compressor as a crutch. It's not a bad thing to aspire to. Dynamics are a big part of a great groove.