Peer review is completely broken nowadays for the following reasons:
-Reviewers might not have relevant expertise to judge whether a paper is good or not. I am not talking about top-notch conferences, mainly lower-tier ones and workshops. I have seen a lot of professors pushing paper reviews to their PhDs, or even students. I was also invited to review a paper as soon as i submitted my first one (and it was rejected btw)! In another workshop i was invited to review papers just because i was a colleague of one of the organisers.
-Old-school academia. This might not apply to all fields or all academia, but i have had good papers rejected because they didn't have a lot of math or simulations! My paper was examining an actual implementation of an SDN (software defined networking) protocol or a strategy with platforms and orchestrators which require weeks to setup and implement (Opendaylight, Openstack, OpenMANO, etc) with actual experiments on real users' video activity, yet to be rejected because i didn't provide any simulation. Jeez, novelty does not come only from theory, somebody has to implement and test these things in actual machines..
-Politics. I won't say much on this aspect, other than a colleague of mine had 1000 citations within the same time just because there was a "mafia" (not my words but his) of professors, lecturers, PhDs reviewing and accepting all the group's papers because they were overloading them with each other's references and co-inviting them to each other's conferences and workshops.