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This is perhaps the worst argument possible for restricting the rights of a certain group.
Seems pretty paternalistic to me. Why not let people decide for themselves whether they "actually need" the $5 plastic trinket from china? Do you not trust adults to make informed decisions on what they're buying?
So if the only lever you have to affect consumers is price, then you must factor in the negative factors with higher prices.
Cancel culture used to be called social exclusion/ostracism, and it has been how people police themselves against undesirable people in pre-internet communities where most everybody knew everybody. If you were considered an ass, eventually the only person listening to you was you.
Not saying this as a value judgement, just that this practice is ancient.
While you have a right of free speech, the rest of us have the right not to listen to you, nor to be forced to listen to you, nor to interact with you.
You were considered an ass by people that actually knew you. The internet lynch mob takes a 30 second clip of a person they don't know and demand that the person have their life destroyed.