100% agree. I think we were better off with the Wild West. Users were actually in charge, server admins were small operators who didn't have to answer to venture capitalists who wanted to 10x their investment, not everything was data scraped and logged to build advertising profiles on the entire population. Each community set its own rules, you didn't have one guy in California deciding what the AUP would be for millions and then changing it on a whim because some advertiser got pissed off.
While the big companies have created some very cool stuff, and using it is very approachable without any technical knowledge, I would trade it all in to go back to the situation where not everything is hosted on some megaplatform. I think it's better for the internet that way.
I like to think that sort of movement is making a resurgence, I'm seeing more people involved in self-hosting stuff, and with recent changes at Reddit and Twitter there's a lot more interest in decentralized communication platforms.
I also think the platform is the key. I don't think any one person or group should be in charge of the public square. Not Spez not Elon and certainly not Tencent or anyone connected with an authoritarian government.