I agree to all your observations. I don't have a solution though. I don't think simply replacing journals/peer review with "the internet" would help. Somewhere,

I agree to all your observations. I don't have a solution though. I don't think simply replacing journals/peer review with "the internet" would help. Somewhere, academic track (or track of excellence) should count, which it doesn't on the internet, where everybody gets attention who yells loudest or is most click-bait.