The admins (disclaimerbrag: I used to be one) prefer to exercise control one level up: by deciding which subreddits to put in the default set. So the moderators have near-absolute domain over their subreddit, but only the ones who do a good job get featured on the default front page.
That restores the proper incentives and controls to the system while maximizing free speech and experimentation.
That restores the proper incentives and controls to the system while maximizing free speech and experimentation.