Without actually reading what it says, you seem to be attacking the source rather than the content.
They definitely could be correct on this topic. I'm not familiar enough with it to say. However, I want to strongly encourage everybody to verify with other sources instead of lending this one even the credibility you'd give Wikipedia.
I picked that article because it seemed much more comprehensive than that of Wikipedia.
What you're describing sounds more like the web as it currently exists under the benevolent rule of King Verisign.