The counter argument is very fair. Though, doesn’t that self select out over time. If the people with 100k follows or 10 million put out crap content, they lose followers quickly. It take a LOT to build a large base.
Now, this could raise the question of “should there be people with 10mm followers,” or cult of personalities, but this just comes down to human nature. The vast majority want to be led and the platforms that will do the best are the ones that make it easiest for people to be led.