In what way was it was democratised? We're not talking about Substacks and YouTube channels here, we're not even talking about arXiv preprints and the like, we're talking about peer-reviewed journal publications, and that system remains gated in much the same way that it was in the 1980s when it comes to trying to publish in it. If anything this system is the poster child for top-down gatekeeping by the recognised authorities, and it's precisely the value of that official recognition that makes people so desperate to break into it. The major changes seem to have been the easy availability of author publication lists and the advent of publication metrics, not things which have been or were ever meant to be particularly democratising for would-be authors; and an increase in the number of people playing the game, driven to a large extent by increasing participation from developing countries, and hopefully not many people would have the gall to argue for a ban on developing-country participation.