And yet there is more content on the web, of greater variety and higher quality, than there ever was on that old web. Youtube is a walled garden, but some of what's on there is brilliant, and there's certainly plenty of non-commercial "for the love" content as well. Twitter is, well, Twitter, but accounts like TheSunVanished are publishing ARGs on the platform. Streaming music, video, gaming, all sorts of platforms are full of creative expression despite also being centralized.
Is all of that really unarguably terrible merely because everyone putting their art out there didn't first go through the trouble of manually writing HTML pages on a shared host first?