It's not the they sell "bureaucracy", it's that they lock you in and charge too much.
Their products are indeed targeted toward "enterprise" applications, where you want stability and reliability, which is sometimes called "bureaucracy". If you are a smallish risk-taking start-up, then Oracle products are probably not for you.
However, Oracle's problem in the enterprise arena is that they gradually trick you into paying an arm and leg over the longer run. Now that MS-SQL-Server is focusing more on the high-end, and there are open-source products like PostgreSQL and MariaDB, customers are migrating to alternatives, at least their low/mid-sized systems. Oracle will bleed customers if they continue their vice grip ways.
I thought DB-centric hardware was a potential growth industry for them: custom-built database servers that are optimized for Oracle databases potentially could kick the competition's rear ends, kind of like how custom/dedicated neural net (AI) hardware is now "big".
But for some reason it didn't pan out and they are laying off DB hardware people. Any server hardware experts out there who can explain why AI-dedicated hardware is paying off BUT NOT dedicated database hardware?
Why can neural net custom/dedicated hardware kick generic server arse while DB hardware cannot? Is it something about RDBMS's in general, or does Oracle simply suck at hardware?