True. That's why one might need to add 200 times as much compost (by volume or weight?)
But I understand that when most people say "Fertilizer", they mean "concentrated chemical fertilizer that comes out of a bag, made by the chemical industry".
But anyone who gardens or farms in the same spot for more than a few years HAS to fertilize (even cover crops won't replenish P and K and micronutrients).
I call compost "organic fertilizer", but most people make a distinction, and won't call manure or compost "fertilizer", even though that is what keeps their soil fertile.
Wouldn't it be more accurate if we called compost "fertilizer" since it maintains fertility and tilth, and called those bags of chemicals "mineral additives"? Or perhaps "chemicalizer", since it adds chemicals.
(I guess one doesn't need to fertilze if the Nile spreads new sediment on your fields every year, or wind-blown loess or volcanic ash bring in all the minerals you need. Or glaciers - glaciers may re-fertilize a field, if they leave any of the original soil in place.)