This is horrible. People don't realize this is a stepping stone to totalitarian communism. I do see however that YouTube is a private website and essentially has the right to run its business however it wishes. I think they are making a mistake on many fronts though. Platforms like Steemit will grow faster because of this in the long run. They feel like they run the world, but in free markets, the right entrepreneurs will capitalize on this. The internet and its users are committed to free speech. The internet is the foundation of decentralization.
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communism is where the workers collectively control the means of production. Nice propaganda.
https://simple.wikipedia.org/wiki/Communism
what you are actually thinking of is basic capitalism.