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Akai used to produce quality gear. Today in common with lots of premium manufacturers the gear is less repairable and a whole lot more disposable. This is because it is less "engineered" and more designed for cost-effective assembly.
Mechanical switches and potentiometers for instance, add weight and expense to the manufacture and shipping and they wear out or get dirty and don't work - but they can be replaced or cleaned relatively easily. Soft touch controls and electronic switching is cheaper to produce and more pleasing to some buyers but when they go wrong cleaning rarely works and repairs are beyond the usual scope of the hi-fi enthusiast, meaning expensive repair-shop costs. It is worth attempting to clean the switches if there is access and you feel adventurous.
It sounds as though you have nothing to lose. There is a wide selection of switch and electrical cleaners available, some with an added lubricant for mechanical switchgear and potentiometers though for some things a cotton bud or a slip of paper dipped in methylated spirit works well.
Its a good possibility that the turntable that the cd sits on is pushed down or up from where its suppose to be as if the laser cant focus on the disc the motor wont spin.There could also be a bad spindle motor as these do go bad or the motor driver ic is defective. see if you can somehow see the lens when the disc is inserted if you can see the lens moving up and down it is one of thoses problems I described are the cause, or worse case is a defective laser Pick-up assy. Good luck. good luck