It makes typical G-reading these days, a very, very sad scenario.
G has proven several things in the noughties...pretend to be good then you get many to do most things for you for free...once all these people are believing every word you say, get 'em on board and pay them well, they'll spread the word so that loadsa people will want to join...even better, give 'em a free platform with a GUARANTEED AdSense account so that they can rip/scrape as many sites off they like and still NOT get banned.
And once you have word dominance financed by...greedy investors...rip the average webmasters' throat out, adjust the algo so that the average webmaster hasn't a clue what's going on and then promote AdWords to all and sundry.
I'm now at the point of cutting off my Google beer money, it's a mere pittance of what it used to be and it just ain't fun any more.
FWIW, I do know how to beat Panda, I just can't be a$$ed!