More to the point, as the author of TFA allows, once a system reaches a certain size, nobody can understand it all. At some point you have to engage division of labor /specialization, and once you do that, it doesn't make sense to have just anybody randomly making changes in parts of the code-base they don't normally work in.
I'd rather see a poly-repo approach, with a designated owner for discrete modules, but where anybody can clone any repo, make a proposed fix, and submit a PR. Basically "internal open source" or "inner source"[1].
In my experience, this is about as close as you can get to a "best of both worlds" situation. But, as the author of TFA also says, you absolutely can make either approach work.