No, most of what you say positive about SM is fake snake oil promoted by social media.
Indeed most else is very accurate.
Quote:
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If you are an author, who can't do marketing, your only option is to hire somebody who knows how to market books.
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This is depressing and other than luck (Rowling) it's true.
The late Clive James
http://news.bbc.co.uk/2/hi/uk_news/magazine/6919618.stm Text
https://www.bbc.co.uk/programmes/b007tjpf Audio (may be region locked)