No. The "need" for more audible bass was considered a just as much a fad by a lot of players as the things you consider a fad today. The Fender bass was in the same category of 'weird composites, wacky fret design" that you view with disdain now. Electric bass guitar is still considered a fad/lesser instrument/attempt to remake the wheel by a lot of upright players. The "toy" bass is still a gimmick to some, just as some basses/bass alterations that you considered gimmicks are essential to other bassists.
Every generation has some (usually older) folks who think the best has already been created in their or previous generations. There were folks saying "every great bass sound has already been created" before the Ric sound came out, before the Fender bass came out, and so on. Some people latch on to what they like and think it equates to being "good" because they like it, and that any derivation is just making something worse. If Leo Fender felt that way, there's be no Fender bass. As there would be no Ric sound, and there would be no Wal sound, and there would be no fretless electric sound, and so on. There's nothing to benefit from thinking the best lies in the past, and lots to lose. While what you prefer may lay in the past, what someone else prefers may not have been created yet.