One could ask, without consciousness (as a feedback loop) would the Universe flit into and out of existence without anyone noticing?

And to answer, what information and intelligence do for us is to achieve most optimal resolve (iteratively).

If we are ignorant and confused waste and attrition takes the best of everything, when we are wise and prudent we conserve and invest potential, creating more potential.

Therefore yes; wisdom and prudence capacitates, conserves, and perpetuates potential (of existential being). Let’s call that objective “good”, and “bad” whatever squanders it (“potential”).