Though I am not an expert on this I think that the shift toward algebraic geometry is not entirely sociological. Consider the following statement which is true in both the category of schemes and analytic spaces :

The push-foward of a coherent sheaf by a proper map is coherent.

In algebraic geometry, this statement is rather a routine-like statement, once you have the tools crafted by Grothendieck. In the complex-analytic setting, this is a hard theorem (due to Grauert and Remmert) and no simple proof of it is known.

Another result one could be interested is Mori's bend-and-break lemma. It is probably one of the most important tool in modern birationnal geometry (and was celebrated as one of the most important results in algebraic geometry in the late 70's early 80's). The original proof goes through caracteristic $p$ techniques (namely the use of the Froebenius morphism to amplify a given vector bundle).

Siu and others have claimed to have a purely analytical proof of the bend-and-break lemma. But as far as I can tell (I am not an expert, but I know a bit of birational geometry) their analytical proofs are very hard to follow.

In my opinion, many people in the 70's and 80's left analytical geometry to embrace algebraic geometry because so many powerful and beautiful results had simple and crystalline (in the non-Grothendickian sense) proofs in the algebraic category while their analytic counterparts looked, at the time, either out of reach or extremely hard to prove.

A very down-to-earth baby example at the undergraduate level is the following:

A regular function on the affine line which has infinitely many zeros vanishes everywhere.

In the algebraic category, there is a one-line proof using Euclidean division. In the analytic setting (that is for analytic functions over $\mathbb{C}$), you have to work a little to prove this.

Not however that the Empire may be striking back. Indeed, outside of Siu's and Demailly's circles, which are, in my opinion, not very active anymore, there is a new approach to the minimal model program using the Ricci-flow and the techniques Perelman introduced to prove the Poincaré conjecture. In a word, the new idea is to start with a (smooth) variety whose canonical bundle is not nef, run the Ricci flow on it and hope that it will converge to a minimal model. So, at least as far as birational geometry is concerned, it seems that analysis is back!

Though I am not an expert on this I think that the shift toward algebraic geometry is not entirely sociological. Consider the following statement which is true in both the category of schemes and analytic spaces :

The push-foward of a coherent sheaf by a proper map is coherent.

In algebraic geometry, this statement is rather a routine-like statement, once you have the tools crafted by Grothendieck. In the complex-analytic setting, this is a hard theorem (due to Grauert and Remmert) and no simple proof of it is known.

Another result one could be interested is Mori's bend-and-break lemma. It is probably one of the most important tool in modern birationnal geometry (and was celebrated as one of the most important results in algebraic geometry in the late 70's early 80's). The original proof goes through caracteristic $p$ techniques (namely the use of the Froebenius morphism to amplify a given vector bundle).

Siu and others have claimed to have a purely analytical proof of the bend-and-break lemma. But as far as I can tell (I am not an expert, but I know a bit of birational geometry) their analytical proofs are very hard to follow.

In my opinion, many people in the 70's and 80's left analytical geometry to embrace algebraic geometry because so many powerful and beautiful results had simple and crystalline (in the non-Grothendickian sense) proofs in the algebraic category while their analytic counterparts looked, at the time, either out of reach or extremely hard to prove.

A very down-to-earth baby example at the undergraduate level is the following:

A regular function on the affine line which has a non-isolated zero vanishes everywhere.

In the algebraic category, there is a one-line proof using Euclidean division. In the analytic setting (that is for analytic functions over $\mathbb{C}$), you have to work a little to prove this.

Note however that the Empire may be striking back. Indeed, outside of Siu's and Demailly's circles, which are, in my opinion, not very active anymore, there is a new approach to the minimal model program using the Ricci-flow and the techniques Perelman introduced to prove the Poincaré conjecture. In a word, the new idea is to start with a (smooth) variety whose canonical bundle is not nef, run the Ricci flow on it and hope that it will converge to a minimal model. So, at least as far as birational geometry is concerned, it seems that analysis is back!