Essentially, they both mean that creators don't meaningfully get paid, only that Spotify appears legitimate due to the breadcrumbs and "exposure" they do give out.
E.g. Bandcamp is better than piracy, but I'd argue piracy is better than Spotify.
Except now, as an independent artist I can get easier exposure on Spotify and build up more income from live shows, merch and whatever else as a result. My closest fans will still often buy from band camp, or buy a vinyl or whatever. Except now I have a ton more fans than I could have reasonably achieved in the iTunes era
And the distribution of wealth has stayed relatively similar - huge artists (The Taylor swift’s of the world) continue to be minted, small unknown artists continue to make a comparatively tiny living - except now many, many more people can make that living and stream music