> Java is controlled by Oracle.

That's factually incorrect. Oracle owns the trademarks, but the language proper is governed by the community, most development is done in the open as part of OpenJDK, which is the reference implementation.

Oracle employs most of the contributors and the OpenJDK leadership is Oracle as well. But it's true that companies like IBM/Red Hat (mainly) and a few others contribute as well and that decision making is community based. In practice, Oracle still wields a lot of influence over the roadmap and technical direction. But you are right that decision making is community based and meritocratic. Which in practice means Oracle has a large vote.