Don't know why you are being downvoted, you are largely correct. I've provided plenty of evidence in another post in this thread showing that journal-based peer review is highly farcical.

EDIT: I still want review from a community of scientific peers. I just don't want this review to be in the hands of a tiny number of gatekeepers entangled with journals that largely just slow things down.

Because a lot of people are deeply invested in the present system perhaps? As the article pointed out, there's a lot of money involved, and there are a lot of people who've built their lives around flourishing in the existing system, cut-throat as it may be.