It used to be a Google mantra that "focus on the user and all else will follow." They are so far beyond that they've wrapped around. They actively hate users now.
All Google really cares about is making advertisers happy. Literally nothing else registers as a priority.
Unfortunately this seems to be what people want.
There's plenty of YouTube competitors (Substack, Patreon, Vimeo, Twitch etc.) Unfortunately, they just don't have the traction of YouTube
And I would say its mostly not YouTube actually producing the content. They are responsible for the "reward mechanism" of clickbaity/shock content driving views, and in return, more views meaning more money for the creators. But I would really like to hear of another model. If YouTube didn't do it, someone else assuredly will. And traditional media is/was barely any better.
I think it's more fair to say that this is a behavior that is profitable to exploit if you care more about making money than what you do to your customers' or society's wellbeing.