“X over Y” does not mean “X instead of Y”, it means “Y serves X rather than vice versa”.

That doesn’t mean no processes and tools, you need to have those. It means the processes and tools aren’t canned processes and tools imposed on the team, it means they serve the team and the way they work, are owned by the team, and that the team is free to adjust them according to its developing understanding of its needs. (And, ideally, that the team is frequently checking in and evaluating whether and how it should be changing them.)

The process is iterated on by the people. The people tweak the process so it works for them instead of adhering to some dogma.

"That is, while there is value in the items on the right, we value the items on the left more."

No, it says you can have processes but that individuals and interactions are more important. It does not say that you can't have processes.