You mean except for the part where Google can effectively de-list any business from the Internet (by evicting them from the Internet's primary navigation mechanism, and the only navigation tool most non-technical users know to use) on any pretext whatsoever?
This is very valid, and just as bad if not worse than the app store. I've been at a company where a large part of our revenue came from people finding our site (legit ecommerce) via google.
We got purged from the index twice without any warning or explanation. We petitioned and manage to get back in both times after a couple of weeks, but with no explanation of why we got banned.
We weren't doing any black-hat seo crap either. It was completely on the up and up.