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I think you're right that this represents an identity problem. This is a fundamental shift in the spirit and the ideal of Reddit. If the staff don't believe in the values that were previously established, then those values aren't going to be adhered to wholeheartedly.
I'm personally saddened to see that Reddit isn't the place that it used to be. My own views are strongly aligned with those of the old Reddit. I feel a sense of loss, and I hope that a well constructed, morally-agnostic communication platform like it will exist again in the near future.
There's nothing here!