One of the potential negative consequences of creating a barrier to entry is that fewer good people will become editors because they will have been discouraged from creating a new article.
It is high time that we encourage the improvement of existing articles over adding new ones that will need to be maintained. This effort helps to push us in that direction. I hope we will change policy again if and when the negatives outweigh the benefits of letting new users create new pages. New users and anons cant upload since undoing that is something that only admins can do. Creating new pages is also something that only admins can undo. Ergo
-- mav
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