Moderation is not bad in itself, it is curating of content to keep topics on track and quality above a certain limit. It has absolutely nothing to do with billionaires or their desires. A lot of subs on different instances are really shitty because of lacking moderation. Leaving subs completely unmoderated is a recipe for a disaster shitpile.
The good old forum days also had a lot of moderation to keep them from turning to shit.
No it was unplugged