Just the fact that the new mods don't think they have the right to keep the entire community hostage makes them better than the replaced ones, yes. Although it would be better not to have any mods at all.
It is incredibly naive and foolish to suggest that no mods is a good idea. That's how you get 4chan,or worse, 8chan, and if places like that are your goal, then you have no business making suggestions for anything.
I liked the old /. system where everyone could be a moderator occasionally, but you couldn't go haywire because you were limited in how many mod actions you could take within a given time window. It wasn't perfect, but it was a nice take on the moderation problem.