Intent matters. It's not like the secret Bay Area college elite cabal all sat down one day and one of their secret meetings and decided to write
if streamer.is_black() or streamer.is_woman():
streamer.suspend()
into the algorithm. That's an irrational belief. But because of our racist past, present, and future, when mysterious ML models come into play, it's entirely possible for that to happen, and frequently. But unless you believe the above code exists somewhere and was written by a human, it's a bit much to call that a conspiracy. Which is probably why it's written in quotes.
Thus, the problem to raise isn't that parties with no recourse might be silenced. That's absolutely an issue, but clearly the mere argument hasn't gotten YouTube to sufficiently change their ways. That's because that conspiracy doesn't exist. The argument to make is that it degrades YouTube's content as a whole. There are a number of other Internet video hosting platforms, most recently TikTok, and it behooves YouTube to spend more time adjusting their algorithms simply because content creators are going to create a little something with the hope to go viral, then get their content taken down, and then move to another platform, rather than say anything about it to more than a couple of real life friends. TikTok's ascendancy (and Vine before it) proves that YouTube's dominance is not assured. The right winds of change could result in YouTube to be displaced, and YouTube's "algorithm" being incorrect too frequently with takedowns is sure to play a role.