Absolutely. The draft system isn't fair for the players involved. However, it is a system you voluntarily become a part of. You don't have to play in the NHL. Lindros, or any other player, is free to do as they choose though. You want to hold out on the team that drafted you, you want to leave this team to go to this other team in free agency, you want to force a trade to somewhere specific, all's fair in love and war. It's a business.
Lindros wasn't the first, but he might've been the first to truly stick to his guns. At the very least, the biggest name to do so. He said, I'm not playing there, and sat out an entire year to prove it. A stark example of, the top players have a lot of sway. Collectively, they tend not to beat the owners, but individually, you're at the mercy of top talent. It's why stupid contracts are still handed out every year. Despite years of evidence that you shouldn't do it, despite the hard cap, it still happens every year(also partly due to that if you don't do it, players yell collusion, and there's a whole new set of problems to deal with). Lindros was a bit of a revolutionary in that regard, and helped pave the way for player empowerment.