If this is something you feel strongly about, then please stop eating factory farmed meat and animal products if you havent already. It is something you personally can actually do. It helps, and it will genuinely make you feel better. You may not have much power, but using the power you do have to help the team you claim to be on instead of the other team is a massive step forward.

Yes, if everyone can produce as much of it as they want, then it would lose value. However, someone doesn’t need to back something for it to have value. The most common currency in all of history was seashells. Nobody backed the seashells. Gold has had value for a long time and still does. Nobody backs gold. The reason these things had/have value is for a number of reasons, but possibly the most important reason is what you said, that nobody can just produce as much of if as they want. This is also a fundamental reason why Bitcoin has been steadily increasing in value, nobody can produce as much of it as they want. This is a major flaw that is inherent in fiat currencies(usd, euro, lira…), they can be produced as much as somebody(governments, counterfeiters) wants.

This is very simplistic, there are other reasons that various things are good ways to hold value. Divisibility and transportability are two big ones, both which Bitcoin excels at.

Nobody has to have control of the production of money, it is especially bad when corrupt people have the power to generate it into their pockets. I know it is hard to understand how generating money for one’s self is theft from everyone with money, but it is the case, you just have to try a bit harder to wrap your head around it.