Like others here, I don't think WP is terrible if you look at it through the eyes of their typical users. I also disagree that nobody is building a better WP:

Like others here, I don't think WP is terrible if you look at it through the eyes of their typical users. I also disagree that nobody is building a better WP: I recently started working with Webflow, which is very good, quite powerful, and writes very clean code (better than most developers could write themselves). And, on a more wysiwyg level, there are plenty of new companies like Squarespace offering a service targeting the same user-base as WP.