Stake weighted consensus is consensus nevertheless. In a publicly traded company it's the norm that bigger stakeholders have a bigger vote, steem is nothing else than that. The idea that the bigger stakeholders have the most to lose when the company/project performs badly isn't silly.
Most people, especially those who don't have much to lose, are for the things that benefit them personally, and against what doesn't. Propose a reverted curve and I bet you'd get a lot of minnows telling you how much they like it, although the doors that would open for abuse would be huge.
Many people who used bid bots defend them, circle jerks complain about the downvotes hurting steem as a whole - not many people are able or willing to see the bigger picture. Having a stake helps with that, although it's no guarantee.