Standards are irrelevant to pragmatism. De facto standards are what is important. By virture of sheer popularity, Chrome is the de facto standard. And if they have provided anything that becomes useful or popular, then by virtue of popularity of that feature in what is already the post popular browser, makes that feature part of the de facto standard. The post is just pedantic whining about how something isn't accord…
Germany for example uses 38.22% Chrome and 31.11% Firefox on Desktops. No way you can speak about a de facto standard here.
I, as an end user, don't know about industry standards for screws, magnet strips or pipelines either, but that doesn't make them less important.
We already tried giving a commercial company free reign in this regard, with Microsoft and it's Internet Explorer, and it did not end well. I see no reason to try this again.
Standards also just make it easier for new players to enter the browser market, instead of having to reverse engineer how Google does stuff, so Standards even help with competition.
I will happily discuss current shortcomings of the W3C and standardization process in general, but we shouldn't repeat the past.