It's a weird comparison to make, too. You're comparing a default subreddit that is mostly for memes with one of the subreddits held in highest regard. Lots of highly-moderated subreddits are just awful. Why not compare /r/AskHistorians with the large number of highly- but poorly-moderated subreddits? There are many (I won't name names) that you would expect to be reasonably neutral places but because of who picked the name originally have become politically extreme over time. Or just as a result of the effect of the upvote/downvote mechanism. The high influence that early votes have on submissions means that if a small group of people make it their life's work to watch /new (and they do exist!) they can control the narrative very successfully.
The idea that reddit mods are some great asset to the site is just strange, IMO. To me, they're one of the worst things about the website. Most of the big subreddits are dominated by the same group of power moderators who have some questionable conflicts of interests with outside forces. Smaller subreddits tend to be dominated by high-school-style cliques.
Truer words have never been written about reddit. It is a cesspit of censorship with tiny islands of insights.
The funny part is occasionally I've come across subs without mods (someone started the sub, then stopped using Reddit), and they've mostly been great. But Reddit tries to crack down on them, and they also have ways to push power mods into any sub that gets too big.
If you were the CEO of reddit what would you change? Replace the volunteer mods with paid mods?
1. You could have some kind of community influence over moderator selection for subreddits over a certain size. StackExchange has (had?) elections for moderators.
2. You could have rules preventing anyone from having moderator powers on more than a certain percentage of the site.
3. The best change would one that prevented moderators from sitting in IRC/Discord talking about reddit 24/7. Having so much meta-discussion happen "behind the scenes" is not good. The problem is that normal people who think "lol imagine having drama over an internet forum what a load of nerds" would be the best moderators but are the least interested in doing it.
For smaller communities mods keep away trolls and spambots. They enforce custom rules that sub will have.
> Yes, and Reddit was successful long before the moderation tools that are being impacted by the API changes were created
Are you forgetting about Reddit Enhancement Suite? There is no mod that just uses the built-in reddit moderation. There hasn't been since the days when Reddit was a website only known to tech related college students.