Its way less bad than some investors ie on Wall street or arms/military business, by huge margin. Folks scamming old people out of money or encrypting their HDDs for ransom should be shot in sight. But - this topic affects billions very directly, and its not about the effect now, but helping general direction which is outright evil by any moral standards.

I can pull out usual godwin's law plug but I guess we all know what would be there. People like to feel great about themselves, its subconscious. And if slightly tilting reality in their favor can achieve that then what's the problem, right. Again, this is not a conscious decision so most don't even notice that, and who would complain about feeling better about themselves.

Old enough, when you want to see such things like these biases in people around you, its very easy once you start looking for them. I guess we really are all heroes of our own stories (but what I mention is far from uniformly distributed, some folks are really stellar human beings and some opposite)