If you dislike crowdfunding, well, you're certainly not obligated to try it. On the other hand, if people crowdfund something and receive what they expect in return, it's hardly your right to tell them they were exploited.
Here's the dirty secret; Kickstarter is based on the "honor system", so there is a real chance that a people can crowdfund something and not receive anything in return. This has happened before, according to a SomethingAwful post:
Consider that, in the realm of music, this dude essentially bilked 205 people out of +$25k (he eventually farted out a scrapbook and a bad live recording way over schedule, IIRC) and nothing really happened. The dude got his all-expenses paid trip to Africa, and he's still making music with a very high-profile band.
I mean at what threshold does fraud go from being insignificant to something that the invisible hand of the free market cannot possibly allow? Because $25,000 is a lot of money.
Granted, it seems unlikely that any of these people are actually con artists but it stands to reason that at some point along the line there might be a hitch or a hardware failure or something that will cause a delay and scuttle the best laid plans of the developer. So it's less a danger of people taking the money and running and more a danger of people not delivering exactly what they promise when they promise to do so. The question is then whether fan investors will be more lenient than publishers have historically been.
And Kickstarter doesn't really care whether a project actually succeeds or not, they still get their portion of the donated money anyway. And with there being more game projects being established and funded through Kickstarter, there is a possibility we may have more situations like this occurring.
The "exploitation" metaphor was a bit overblown, but there really is no accountability and no input in the process of a Kickstarter-funded game. Publishers, on the other hand, get a share of the money involved, and possibly have some accountability to ensure developers do produce their products, so it's a different scenario.
I don't hate Kickstarter and I don't view developers as all bad people, but I also don't like optimism, especially when doing so has the potential to blind someone to real dangers. It's better than to be cynical than to rush idiotically into a trap.