I'm not entirely opposed to moderation. Julie's personal attack against me would not have made it to the list with proper moderation in place, and the same goes for Larry's flames against TheCunctator et al. However, as someone who currently moderates a mailing list with 170 members, I can say that it's quite a lot of work to do so, and it's also often hard to make fair decisions. I would oppose a moderation system where the entire duty of moderation rests on one person, but if there's a system we can use where moderation decisions are reviewed by several persons, that would sound reasonable.
Regards,
Erik