Also, they can monetize any video and generate revenue from it even if the account of uploader is not approved for their monetization program.
Funny, isn't it? It definitely is a slavery model - who said it had been abolished?
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Just disguised.
And because it is in the form of entertainment, most won't notice.
If not dumb, they should notice. Morever, as for distribution of income, Youtube takes the big slice.