What you say is true for most companies/software, but YouTube can play a nasty game for a very long time before it withers into irrelevance (if at all). They have enormous moat, one would need enormous resources to take on YouTube, I don't think anyone has that kind of patience or resources to even attempt. Like it or not, we are stuck with YT for a while.

I have learned so much from YouTube - I wish it was more open and friendly to its creators and users :(

In the meantime, all we can do is support smaller alternatives like https://nebula.tv/