But, to answer your question, no, it's not. Trad Pub held the keys to the kingdom. They didn't just offer a bigger megaphone, as it were, they've had the power to shut out writers for generations. It didn't start that way, authors wrote, edited and printed their own works in the beginning, then there were printers, but authors still produced the content, then publishers finally established the "need" for middle men.
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It hasn't been that way for very long. I recall as late as the sixties that there was an enormous amonut of diversity. I recall the wire frame racks of paperbacks there were in every drugstore, supermarket, truck stop and filling station.
Don't see them much anymore.