Sure it does. -2 gives second to last, -3 gives third to last, etc. If you only use negative indices i, the "base" of the array is the end, and arr[i] is just arr[len(arr)+i].
First, it's a "joke", second, nobody is going to force you to use non-negative indices. Sure, you can use a base index of zero and read left to right... but you can use a base index of -1 and read right to left and live a full (if lonely) life without considering the passé alternatives.
More precisely, I'm defining the "base" to be the right hand side of the array and operating on the reversed list -- it's just a change of variables. Python supports -1 based indexing, but does not support 1 based indexing. You could easily define a language which only provides the -1 based indexing but does not support 0-based. Let me demonstrate: