Keeping it Simple- PM vs Scrum master

You could see Scrum Masters being promoted as PMs or even Directors in some companies. Isn't it high time, that the community stops misleading/believing that there is no role for a Manager in Agile or Scrum?

The responsibilities of a Scrum-Master matches that of a project manager, by definition of Agile Manifesto and also as per the so-called "rigid"/ "obsolete" standards (#sarcasm) of PMI.

"Scrum Master is responsible for organizing meetings, dealing with challenges and bottlenecks. The Scrum Master interacts with Product Owner to ensure that the product backlog is ready for the next sprint. He or she is also responsible to ensure that the team follows the Scrum process."

This is exactly what is expected from the so called "Traditional" waterfall Project managers of pre-2010 era.Before Agile / Scrum and SAFe were buzz words in Software Engineering, Project Management did account for the Project Manager to be a enabler than a task master.

Software engineering book authors in pre-2000 era, duly noted "Iterative model" as one the methods of developing software. But at that time, IT companies had to compete against other vendors in India, who had equally talented pool of resources(developers). Hence leaving other obvious factors like quality standards like ISO/CMMI5 and meeting FRs and NFRs, Fixed bid pricing model based on waterfall methodology was the only/apparent way of selecting a vendor.

So assuming that Agile/Scrum is a recent path breaking revolution in IT Application development / management is just absurd. IT industry is guilty of just replacing synonyms in their jargon to sound cool and enterprising.