That's precisely why YouTube cares so much about content moderation. They need to figure out some way to not hemorrhage money with all the hosting, transcode, and CDN costs for low-effort, spammy, and controversial content that cannot be monetized. Their actions taken to address content moderation sent the world into a tailspin as a result, proving Google both understands their scale and cares very little about the way their policies disrupt societies.
In 2018 YouTube went on a deletion/censorship spree in the name of racism, deleting 50mil videos in the process. But it was clear that they only scapegoated racism as the reason, because only 1% of the video they deleted was racist. [0] The reason for this scapegoating was to avoid culpability in the mistaken business model of being the world's largest beer bong for internet video.
[0] https://www.cnbc.com/2018/12/13/youtube-removed-nearly-2-mil...