That is an apples to oranges comparison, Youtube is a platform not an institution. It is open to all videos, provided they meet certain agreed upon guidelines, and should not be responsible for censoring content based on individual opinions.

I don't think that the recommendation is broken at all, in fact it works astonishingly well for the vast majority of people. The fact that there are a few bad actors is also present in the banking industry, (Wells Fargo for instance), to use your own bad comparison.