You are welcome to set up such a forum provider today. You probably won't be able to get sponsors for it though. Reddit used to be much more lightly moderated, but they wanted to be able to run ads/make money. 4chan is much more lightly moderated than the big platforms.

Unless you make a law preventing all moderation, the users and advertisers are going to migrate to the moderated forums.

> You are welcome to set up such a forum provider today. You probably won't be able to get sponsors for it though. Reddit used to be much more lightly moderated, but they wanted to be able to run ads/make money.

Thanks for answering why the law is needed, as you explained a private solution cannot solve this. Advertisers wouldn't be able to push reddit to ban things if reddit weren't allowed to ban them, so you would still be able to run ads with such a law, it just reduces the power those ad companies has over you.

And no, the ad companies doesn't really care if you show porn or show terrorist propaganda on your site, you can both watch porn and read terrorist propaganda on Google without leaving the site yet every advertiser I know is happily spending a massive amount of money on Google ads. If they actually cared they would leave Google, instead they just care about bullying those who can comply, if they know the target wont budge due to a law then they would just continue to advertise like they do with Google.

These kind of regulations are needed when the free market results in oppressive results, there are many such cases where regulations do a good job and I don't see why these internet companies should be an exception.