Why is everybody getting serious about an Internet messageboard?
Being a mod is probably the single most painful thing anyone can do on a forum. My heart goes out to those who volunteer for these positions. They're thankless, and the command chain is completely opaque - which is why a lot of the decisions provoke anger and negative reactions (and sometimes these reactions are unjustified/too extreme as well).
Anybody who is in a position to make a decision (any decision) can be misguided or mean enough to misuse that position. That's part of what makes us human, and unfortunately we seem to always point towards the people who have appeared to make that decision when things go wrong.
In exactly the same way that the current system is not infallible, no other one is. I think that these boards are run by small consortiums who let the community operate within a set of guidelines (and for TE, that's pretty wide IMO). I like hanging out here, but if democracy comes to TE(like it came to Iraq, for example) I'm out, FWIW.
I may not agree with the selection of, or see eye to eye with all the mods, and I think a lot of the new members are not contributing positively, and it's not what it used to be sometime back - but those are the pitfalls of scale. It still lives and overall nice - nicer than a lot of other fora so far. I contribute very little nowadays, mainly because there's not much thought-provoking stuff happening on the tech boards - see the 'bottleneck' threads for examples of ludicrous concepts and suggestions. Unfortunately in public discussion there's not much one can (or indeed, should) do to stifle a drift, unless it goes off topic. Everybody's entitled to have an opinion and voice it, and as the internet grows you will see this grow (and worsen).
What happens when people who have and freely support such weird concepts of logic and technology are asked to vote? And that, for people who will run this board? It's OK to vote for a favorite hard drive manufacturer or video card. Let's not expand the scope. And you can't have a 'restricted democracy'. That is even worse. If it's open, it's open, if it's not, then it's not. 500+ posts, 1000+ reps whatever - you'll then have people working up reps and post counts to get into the inner circle.
And even after all of that, you won't stop the flow of people crying out mod abuse. Just because he is an elected mod, does not protect him from abusive members, just as members are not protected from an abusive mod (even if he is elected). We elect our governments - look what that got us.