Security paranoia is ruining the independent Internet and putting more power in the hands of companies like Google.
Not that Google are great at their jobs in that case, but it's something.
So it's not paranoia in this case, it's "we can't have nice things" because of real bad actors.
We do need to decentralize the decision making but the progress toward making the web safer for average folks is good.
Any vulnerability-prone system, will either fade away or end up with a centralized arbiter quite inevitably.