This is misleading. Not sure if by ignorance or malice, but it's very misleading.
This isn't happening with your browser bookmarks. This is Google Collections, which is a shareable bookmarking feature, meaning it can be made publicly available. That's why it's moderated. It's basically Google's version on something like Pinterest.
DAE GOOGLE BAD???
I don't give a fuck if you like Google or not, but spreading misleading FUD is the real underhanded move.
There are plenty of valid reasons to be critical of Google. This ain't one.