The tone of the article seems like it has an axe to grind. Is it really that much of a surprise that very well capitalised investors have significant advantages

The tone of the article seems like it has an axe to grind. Is it really that much of a surprise that very well capitalised investors have significant advantages of "main street" investors? That's always been the argument for index funds for regular investors, you're never going to compete with hedge funds, why waste your time?