What would you suggest the alternative is? I think the real problem is that society is coming to terms with the fact that anonymous free speech isn't all it's cracked up to be.
Reddit will also ban subreddits for hosting content that some people may think is "bad", but definitely not illegal. Not that I miss /r/shoplifting, but the discussion itself wasn't illegal. They also banned legal things like firearm schematics and r/brassswap
Does there need to be one? This site seems to manage to avoid it. Quite how you get into the situation reddit did is mystifying to me.
I completely agree that anonymous free speech is not the ideal it sounds.
If we are going to be reasonable a better comparison would be comparing this site to a single heavily moderated subreddit.
As an extreme you have subreddits like https://www.reddit.com/r/AskHistorians/ if you look into the comments you will see a lot of "[ Removed ]" threads. https://i.imgur.com/Q7mXkPd.png
Other subreddits are purposefully not moderated as heavily. It's entirely up to whoever runs it to moderate how they see fit.