This is written like a literary academic blog article rather than an academic paper in the sciences. It's fully of literary free association and hyperbolic language, etc. At best it's a sort of mission statement for what would need to be a research programme with many many academic papers behind it. As it is, I'm not sure what the authors aim here is. It's a blog post.
arxiv is suffering from major mission/feature creep. IMHO, it should be limited to math and physics and maybe quantitative finance. There are too many low quality or blog-like papers being published. Maybe it would be better if it was spun off to a different website.
How does arxiv suffer? What mission creep? What do you mean too many?