De-Banking is just the same thing. They can't put you in a death camp / gulag, the next best thing is to make you and your family homeless and unemployable and unable to speak in public until you kill yourself or waste away and don't bother them ever again. If Liz Dong Gone had his way, Null (and the rest of us) would be in a work camp farming free organic kale and quinoa for our "betters" for the rest of our lives, or dead in some unmarked grave for people guilty of hate-thoughts. But that won't work, so the next best option is banning us from ever speaking in public again.
Its an extension of their belief in constructed reality, these people are completely divorced from the actual world - they believe that the careful designed and fragile 'system' of abstractions like banking, laws, and social media are realer than reality. Its why they believe they can simply define away problems or censor people on the internet and that makes the problems go away. Usually, it does work - mostly, sometimes, for a while.
Some people have enough money, resources, and the personality to fight against this type of control. People like Alex Jones or Trump are likely to play into the system and try to beat them at their own game. This kind of person is a pretty rare bird, though.
Now, on normal people without this money or influence this tactic
might yield some dividends, plenty of people will cuck and self delete. On the other paw, they might just find that
some people undergo a dangerous transformation once they are completely 'canceled' and bankrupted. Some men, finding their future as a peaceful, productive citizen 'killed' will not try to rectify the situation by becoming physically dead to match. Instead, they will strike at those that have 'killed' them - after all, they have nothing to lose, they have already been murdered in every way except the metabolic.
The people behind these kinds of efforts are, in their hearts, cowards. Otherwise they wouldn't stoop to corrupting the social processes to achieve their aims. So I imagine that when the first violent backlash that puts several lawyers, CEOs and others in bodybags happens, they will back off from this tactic. For a while.