This is one extreme obviously, and applications exist on a spectrum from that to something fully centralized (for example USDT where they have full money printing controls).
The point is that web3 enables building apps anywhere on that spectrum.
It's not the fact money is involved. It's the way money is involved.
If I want to participate in web3 I have to take real money and buy cryptocurrency funny money. Every aspect of loading a simple web page (web3 page?) charges me some amount of funny money. The amount charged can't be meaningfully predicted. A service might charge me a funny penny for a transaction but today that funny penny is worth a real penny while tomorrow the funny penny is worth a real dollar. Every web3 transaction ends up being like the guy that bought a pizza with a Bitcoin.
All the extra rent extraction of web3 is on top of me paying for my ISP, cell provider, and all my devices. Even with the money I have to pay over the top for web3 participation I end up with a slower and shittier experience than the traditional web. If I decide I'm done with web3 I may not ever be able to cash out the funny money I had to buy.
So the fact web3's design is built entirely around generating greater fools for cryptocurrency Ponzi schemes makes it a stupid and undesirable system.