YouTube can censor what they want, you don't have to use it and they can't send police or military after you. You can't move to a land where a single government has control and can send police or military to impose their will on you.
Every democracy will become oligarchy eventually if we don't regulate social media. Most of them won't even be controlled domestically (because the media are global).
There's like 50 people who decide 99% of information people consume worldwide. Or at least what algorithm should decide.
These people know what power it gives. That's why it was worth it for Elon to buy Twitter. It was trading money for political power. And there's nothing anybody can do. This IS oligarchy.
I do agree, though, that media plays a large role and (should) hold a strong responsibility for where we end up.
How many youtubes are there? How do I vote for the people running it?
I'm not conflating, I'm abstracting from artificial distinction designed to keep the loophole safe from regulation.