That's not really true.

Speaking in a meeting, or delivering a talk in a larger context, often works better with visuals. Delivering information in this way is not "pandering" to people who don't or won't read a detailed paper. They're different contexts with different goals.

Before Powerpoint, having any kind of visual aid to a talk was incredibly onerous. You had to print up transparancies, or literally have SLIDES made, and the whole thing was just an enormous pain in the ass.

The PROBLEM here isn't Powerpoint, or the existence of visuals during a talk. It's that humans are bad at communicating generally, and that the use of slides during a talk is something many folks absolutely do NOT understand or do well.

You've been to a talk where the speaker basically just reads the slides, right? That's pointless. What you want is slides that compliment and amplify what's actually being said, not duplicate it. You also want slides that "scan" well -- if your audience has to pause and read a 150 words on a slide, you've fucked up. (DoD and defense industry presentations are INFAMOUS for this, btw.)