No, we aren't, since objects are the proper way in this case to reduce cognitive load. This notion that all the code has to be in one method to be understood is symptomatic of programmers who don't know how to factor correctly thus leading to the necessity of having to read a methods implementation to understand what it does, i.e. they're bad programmers blaming their shortcomings on well factored code rather than learning how to read and write well factored code correctly. Breaking down large methods into numerous small ones makes the code easier to read and understand, not harder, unless you do it entirely wrong.
but then we are back to the beginning of the thread...