There are so many ways to do it, it's funny to me when someone insists there's only one way, whether water changes or whatever else. The hobby certainly did exist before water changes. Some of the earliest glass box aquariums were essentially self-contained miniature ponds, with plants and algae balanced with a fish or two and water replacement, not water changes The concept was to mimic nature and be as self-contained as possible. In the early 1850s a chemist named Warrington made some of the earliest versions of a glass freshwater tank with this concept, ran them successfully for a few years, published and lectured, before moving on to soil chemistry. Some people still do something similar, size the tank right, plants, moss, get water volume to surface area right, a few smaller fish, water replacement or practically negligible water changes, not much else. I've seen tanks left for years without water changes or even feeding-- they evolved their own balance and ecosystem, tiny overgrown ponds, essentially. Not pretty but they worked.
Most of what we do now is for the sake of keeping more, larger, or messier fish per volume of water than the early days. Even if you go back in the hobby, (I had a 100 gal tank as a kid in the 60s), what you remember isn't always all there was at the time. Some say there were only bubble filters or under-gravel back then, but at least one company already made hang-on power filters by the mid 60s. Same as now, I'm not arguing against water changes, I do big water changes, but what you're familiar with isn't all there is.
We're talking about two very different scenarios here though. A little ecosystem with barely any bio load can find its own balance and just the odd top up of water to compensate for evaporation will probably all it needs, you're spot on.
However, a heavily stocked, heavily fed tank that probably a good % of us run on here is a different ball game altogether. For those guys water changes are absolute key to success imo.