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Reddit is making sitewide protests basically impossible
(www.theverge.com)
This is a most excellent place for technology news and articles.
If all mods quit that'd be perfect. Reddit has shown they'll replace mods when they actually need to (or want to). But if no regular users wanted to pick it up then they'd have to pay admins to moderate. I don't think we'll see it though. There's always going to be someone who wants it enough who has enough time for whatever reason.
But, their business model doesn't work unless those mods are working for free. So, while they may replace mods, unless people keep signing up to work for free to help a for-profit company deliver value to its shareholders, eventually it's going to collapse.