Thankfully the scientific process is incredibly resilient to nonsense, because a bad result will eventually screw up someone's future work when they come to rely on it. But it's not pretty.
Not if they isolate themselves enough from the outcome but I get what you're saying.
The world progresses despite these deeply flawed institutions (corporations or academia have these perverse incentive problems and all in all, they do create some value on average).
Which is why it's so funny when you see non skeptical appeals to "the god of science" which apparently exists in a vacuum of correctness and ethical purity.
The most fun in science can be had when done at home and shared with friends.
Academia != science. It is a social construct and dominated by people with power within a given field. That being said, double blind review process improved the author engineering problem a lot.
As long as It has some capacity to self correct, it’s a stable function.
Science has a few aspects that are distinct from non-Science enterprises, but more aspects in common.
Although there's plenty of critique to go around about the review system, machine learning here typically uses double-blind peer review for the major conferences. That blinding is often imperfect (e.g. if a paper very obviously uses a dataset or cluster proprietary to a major company), but it's not precise enough to reject a paper based on the author being an unknown.
So I assume that it is not done to keep outsiders out of your garden…
Honestly, I don’t find any other reason to don’t apply it.