By taking up the mantle of curating and recommending content to its viewers YouTube morphed from "a place where you upload your videos and people watch them, or they don't" to a pseudo cable network, minus the cable.
Implementing any recommendation algorithm at all or any encouragenent/discouragement policy de facto means that YouTube accepts the responsibility for what shows up on everyone's feed as they've implemented mechanisms that curate the process. Treating it as "just a video host" is a mistake which enables the platform to wash their hands when it comes to any wrongdoing, most of which they are obviously responsible for. Any algorithm can be tricked or exploited and all YouTube scandals like the Elsa/Spiderman creepy video plague or the rampant demonitisation are the result of meddling with what viewers see and what content creators are allowed to upload.
YouTube doesn't need to tell me which videos are trending and which aren't, all I need to know is which videos get lots of views and have a good Like/Dislike ratio - their opinion regarding suitability of the content doesn't enter the equation. Some of my favourite YouTube clips of all time are ones that have been demonetised for arbitrary reasons, delisted or outright removed and re-uploaded by the swarm, and let me tell you, there is no amount of money or technology that can defeat the swarm.
There were two paths the platform could've taken - leaving the responsibility for uploaded content where it belongs, with the content creator who uploaded it, and not getting involved at all *or* accepting the fact that they've become a publisher, along with the burden of legal liability that comes with such a status. The first option aligned with the well-being of creators, the latter aligns with interest groups, and it seems that YouTube has chosen its path already. Since YouTube feels that it has the power to strip content creators of their income based on an arbitrary set of arbitrarily enforced rules, their protected status should and must be removed - either the platform is an open public forum where anyone can upload their content and is personally responsible for it or or isn't - there's no spectrum here.
With some luck a competitor to the service will eventually rise to the task and allow users to ingest the content they actually like rather than getting thrust into filter bubbles by a flawed algorithm.