I guess you have no issue with Patreon and Mastercard deciding which business you can give money to either ? Not so diffirent from banks refusing to serve cannabis stores, or pornstars.

I think it's quite a jump from not showing ads on videos to blocking money transfers.

Youtube is trying to stem the outflow of advertisers who've clearly stated that they don't want to be associated with certain kinds of content.

There's an argument that perhaps Youtube should provide the ability for content creators to provide their own Ad Network integration, if Youtube is unwilling to provide that monetisation themselves.

However, creators are free to source their own advertising deals and directly incorporate those into their videos - see just about everyone advertising Audible, Squarespace, Dollar Shave Club, Brilliant, etc.

They still allow use of their platform... People can upload and view the videos. They're just disavowing "partnership" through the monetization program.