I see it as a Free Vs Paid Model, Wiki is Free, and it is good enough for most use cases. Encarta had a lot of licensing, and I doubt any of that will ever be free, but the quality of those articles inside Encarta or Britannica in many ways are still way ahead of Wiki.
I think it goes even beyond paid vs free; the wiki model of knowledgeable, caring volunteers doing all this work for free seemed pretty crazy to all but a very few. Curated collections like Encarta and encyclopedias also tended to have very cursory entries for all but the broadest and market-focused topics. IMO a biased article is better than no information at all. In the very least it gives us a starting point for discovery, discussion and improvement. Most of what we today take for granted started with a pretty one-sided viewpoint that gained attention and inclusiveness.