[Someone]

Python doesn’t eschew all benefits of compilation. It is compiled, but to an intermediate byte code, not to native code, (somewhat) similar to the way java and C# compile to byte code.

Those, at runtime (and, nowadays, optionally also at compile time), convert that to native code. Python doesn’t; it runs a bytecode interpreter.

Reason Python doesn’t do that is a mix of lack of engineering resources, desire to keep the implementation fairly simple, and the requirement of backwards compatibility of C code calling into Python to manipulate Python objects.