There's a case to be made for dueling what is essentially a post-scarcity socialist Federation against the embodiment of capitalism-as-cult.

Conversely, the Borg are in a way aspirational-- growing and assimilating knowledge and improvements seems a bit higher of a goal, but their presentation comes off ham-fisted.

I feel like there's a missing explanation of why "assimilating the diversity" of a civilization needs to be a total stripmine rather than taking a few (potentially willing) representatives and regularly coming back in case anything new evolved, like binge-watching a civilization every few years. The stripmining aspect seems necessary to make them recognizabily villianous-- the enemy of sacred individuality rather than just data hoarders whose homelabs turned into giant cubes.

It does feel like Latinum is very much a MacGuffin for undermining a huge amount of "we have virtually infinite free energy and can replicate anything we need" worldbuilding; they needed a way to make 24th century capitalism seem remotely plausible.