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Nearly All of Wikipedia Is Written By Just 1 Percent of Its Editors (vice.com)
From a report on Motherboard: According to the results of a recent study that looked at the 250 million edits made on Wikipedia during its first ten years, only about 1 percent of Wikipedia's editors have generated 77 percent of the site's content. "Wikipedia is both an organization and a social movement," Sorin Matei, the director of the Purdue University Data Storytelling Network and lead author of the study, told me on the phone. "The assumption is that it's a creation of the crowd, but this couldn't be further from the truth. Wikipedia wouldn't have been possible without a dedicated leadership." At the time of writing, there are roughly 132,000 registered editors who have been active on Wikipedia in the last month (there are also an unknown number of unregistered Wikipedians who contribute to the site). So statistically speaking, only about 1,300 people are creating over three-quarters of the 600 new articles posted to Wikipedia every day.
It's an open secret the site is run by little dictators.
The solution to all of this is rather simple, time delays.
No, the solution is to have Wikipedia content managed by Wikipedia employees who are held accountable, just like the employees of any company.
Wikipedia currently has approximately 300 employees, NONE of whom are involved in creating or editing content. That is done entirely by unpaid volunteers.
Wikipedia currently has annual revenue of approximately $80 Million. About $3 Million is spent on the actual expense of webhosting and maintaining servers. NONE of the remaining $77 Million is spent on creating/maintaining content on Wikipedia.
But they did spend £1,335 on business cards one year for the UK chapter of the Wikimedia Foundation. And €18,000 in Germany to send people to pop concerts as "accredited photographers". And €81,000 to people paid to photograph politicians. And €81,720 paid to a researcher to study... editing. And lots of fancy, expensive office space in major cities around the world.
And so on . . . . .
According to wikipedia stats, I had over 4500 edits on more than 500 pages in a little over 5 years. Rather large edits, with an average of >300 bytes per edit. I completely gave up editing when the main subject I was interested in (History of Romania and the Republic of Moldova) was hijacked by what I believe are institutional accounts with multiple editors, which enforced the presentation of only the official government view (and trust me, I do understand WP:POV). At the time I was pretty bitter about it, but then I came to believe that this outcome was predictable. However, the overall result was that I no longer edit.