It makes the “factory reset” button work instantaneously instead of taking several hours. Supporting the secondary market with convenient wiping should be encouraged from an environmental point of view.
Does this really "support the secondary market"? Are there people who want to sell their machine but would be discouraged by the "several hours" it takes for it to reset?
That suggests its only goal is to frustrate right-to-repair and data recovery. Also as a way to sell their cloud backup solution.
"Sorry, we can't recover anything, but you should've used iCloud!"
Aren't there laws against these sorts of business practices?