Of course it’s “a product of their own doing” because successful organizations change and adapt over time. Crypto may hint at an alt power structure, but there are no guarantees it’s a better fairer one. Look at the technocracy that emerges in small DAOs. Now scale that. It’s as dystopian as it gets.
IMO the crypto structure for money is a 10x improvement, have to disagree completely self regulating and transparent with everyone playing by the same rules and I agree most DAOs now have terrible governance, but that's because they generally slap crypto on top of centralized governance and say it's innovation