In my experience, in NY, the majority of people working in contemporary literature publishing are ivy leage graduates, mostly women, and they live off of their parents. I'm not judging, just stating my observation.
Substack has done an excellent job of showcasing how much writers need editors. I live my life in between the two awful worlds of programmers who have never had a humanities class and are therefore functionally illiterate, and writers who are so fearful of technology and are unable to move past the need for a "platform."
The publishers that most writers adore would never profit from white supremacy, yet they are fine with a middleman, no different than airbnb and Uber, that has no publishing standards because self-publishing on a blog or something similar is some antiquated symbol of failure in the modern literary mind.