Why has the FT got it in for ETFs?

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Anyone would think that the FT is running a co-ordinated campaign against ETFs (Exchange Traded Funds) this morning, based on this part of a mail they have sent:

I too have major reservations about ETFs, their stock lending, the ethics of this behaviour, their corporate governnance in general and their impact on markets, where they can become a bastion of inaction permitting perpetuation of management driven market abuse at cost to society at large.

I suspect though that the FT is really just worried that passive investors don't buy the FT. Or is that too cynical of me?