If a company were founded tomorrow which allowed you to stream unlicensed TV shows and movies for a monthly subscription, undercutting Netflix and Amazons licensed streams, that wouldn't be described as "a better way to do things" just because their customers prefer it for being cheaper and easier because all the content is in one place. The difference between that and what OpenAI is doing is just degrees of abstraction, either way they're deriving value from others work without compensating them, and actively undermining the ongoing creation of the work they're appropriating, while simultaneously relying on the ongoing creation of that work to keep feeding their machine.
IP law has yet to decide whether my interpretation of the situation is correct in the legal sense, but I find it impossible to see "ChatGPT absorbs the work of writers/journalists and sells a superficially reworded version without attribution or compensation" as anything but theft obfuscated behind lots of fancy math. It's only going to get worse if LLMs end up displacing traditional search engines, so one day you'll publish an article and get exactly one impression from GPTBot which then turns around and figuratively copies your homework.