It facilitates the violation of human rights. It created a system that does more to harm speech than it does to protect it's proliferation. The large corporations who profit the most from this "law" are the least in need of it's protections and it's bizarre that they're entitled to raise the specter of FBI investigated criminal penalties for what should be a civil matter.
The cultural appropriation, to the extent that it does occur, is simply profitable within this framework. It's more like cultural maceration, the guts are thrown away, and the brightly colored chitin is all that remains.