(Edit: I'm not arguing the OP's point that Google legitimizes the industry, simply that being in it is in some ways dubious. In case it wasn't clear.)
I'm saying that google ending their adsense for domains program would not cause the domain squatting industry to collapse.
(Edit: I'm not arguing the OP's point that Google legitimizes the industry, simply that being in it is in some ways dubious. In case it wasn't clear.)