I'm out of it at the moment, so please go read Zach Wells on the funding structure that encourages what he calls the "hyperthyroidal" publishing of Canadian poetry.
The obvious counter-argument is that, if anyone with a working Return key and a nature encyclopedia (two essential tools in the creation of poetry, as far as I can tell) can get published, then at least there is little chance of a genuinely talented poet going completely unbound.
The counter-argument to that is that who would even notice a talented poet within such a river of crap?
The counter-argument to that is that talent will out.
The counter-argument to that is... will it?
To which I answer, "Who cares? We're talking about poetry here, for god's sake."