Identifying a few historical examples where the RC was not the most valuable does not prove the hobby never cared about rookie cards. Even today there are such examples, not only Mantle. Pedro Martinez' RC isn't worth a nickel. In high grade, a 71 Munson and I think too a 71 Vida Blue are worth more than their RCs. There may be others. Nobody is contending relative abundance/scarcity is entirely irrelevant. Do people care now more than ever about RCs, perhaps, but again that does not show there was a time they did not.
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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