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View submission: Better Faster Stronger: Recent improvements to moderation tools.
A person in that position has the ability to shape and control discussion, suppress information, and is capable of abuse for their own gain. They effectively become a curator of information for millions of people. The impact a moderator is having isn't very transparent so it wont be immediately obvious if a supermod has an agenda of some sort.
With a tv channel, publication or a newspaper it's much clearer that the publication has an editor and all the content is generally going to follow the principals of that publication. With Reddit it is heavily implied that subreddits are independent communities with their own content policies other than the global reddiquette. Supermods are capable of creating a narrative across vast parts of Reddit thus giving them massive editorial powers and influence with not much transparency.
There's nothing here!