"the WMF is not in the business of providing an educational resource, it simply uses the term as a way of extracting money from the uninformed. That its sole purpose is putting data on screens, and finding ways for people to add more data that it can subsequently put on screens. What the data actually is it cares not. It just cares about getting $50 million a year to junket about." Traffic, and resulting donations, are obviously all the WMF cares about. We should not be "surprised" about outright, successful vandalism and defamation. It makes traffic and traffic fuels the Wikimedia "movement".
To hell with Mr. Streater's reputation. To hell with everyone's reputation. They're "building" an "encyclopedia" here.
Which only indicates that you haven't looked at the actual content of Wikipedia very closely. I have. Yes, there are many good, usable articles on it. There are also millions of "junk" articles, thousands of hoaxes, tens of thousands of people being defamed in their biographies, hundreds of thousands of people glorifying themselves by writing their own bios (against Jimbo's own rule), and various other abuses. Some are repaired quickly, some sit there for years. And there's no way to tell if an article is valid or not, except by checking the references very carefully (which few people do anyway--Wikipedia is a lazy man's reference). Wales does no "gatekeeping" at all, he is purely a figurehead at this point.
What I really don't get: why do people worship him? He's one of the most inadequate leaders of a major online movement I've ever seen.
Part of the perverse subculture of Wikipedia is the absolute, near-religious certainty that Wikipedia does not contain false or malicious information, because it "simply isn't possible". This is the dark and slimy legacy of Jimbo Wales and his early supporters. By and large a very dishonest group. They are simply pathologically incapable of admitting that they are wrong, or that they ever make mistakes.