How in the world can anyone have time for that? That is beyond a full time job.
Is there a way to see a list of moderators and how many subs they moderate? Who moderates the most subs?
Manipulating opinion is important these days. Mailing lists and Usenet were free, most web forums are subtly (or overtly) censored.
There was a reason for the tone back then and it worked.
Flames however are also censored nowadays, since it is essential for the people in power to maintain polite meaningless conversation that will never lead to any actions.
I would personally rather have to sort through misinfo myself, rather than run the risk of having truthful information hidden from me.