The argument is that homophobia still exists. Which is sadly true. The next question is whether Pride marches are helping to address that.
For.the most part, Pride has now become 1. A corporate pinkwashing exercise, 2. A kink and fetish parade, and 3. A party for hen nights and people come.to see the bands. It's funded by big corps and political organisations. Its been co opted and manipulated for political ends and is anything but grassroots.
There are still those marching to increase 'visibility and acceptance' of LGB people, but I'm not sure whether this is a net effective or helpful act anymore.
It could turn into a general hedonist festival type of affair for everyone. But there are various discordant aims within it that maybe can't be resolved.
Crucially, is it about celebrating acceptance of minorities into society, or is it about bucking against society?
Fundamentally it's trying to achieve two mutually exclusive aims.
To change society to accept minority sexual orientation, or to protest against society?
I suppose this is what they mean when they say that Queer Theory must logically eat itself eventually.
It's trying to both normalise minority sexualities and emphasise their non-normativity.