THE GOOD
While running a sharp piece of metal over your skin does sound quite barbaric, traditional razors absolutely provide the closer shave, so until someone invents something with lasers - we're looking at you Silicon Valley - this is probably going to remain the best shave you can get. Beyond a better shave, traditional razors, and especially old school safety razors, are quite a bit cheaper out of the gates and are very accessible.
THE BAD
The water and the shaving cream and the rinsing and repeating. It all adds up to some serious time and effort, and can get to be quite the process, so if you don't have 10 minutes to spare in the morning, we get why you might roll with the electric. Also, blades seem to dull after about a handful of shaves, so that gets frustrating. Related, definitely checkout these Lifehacks.