It can do but it doesn't have to. You just have to look at bitcoin and steem to understand that. Those who are already wealthy gain far more from either system than those who are poor. A wealthy person can simply invest a lot of money into steem, a poor person needs to grind on a daily basis. Wealthy people can censor poor people on steem.
How is that an equal playing field?
The flagging system should be modified.
OK, We agree the Flagging system should be modified as well. There are a lot of good features that the SteemIt.com has created. Each Hard Fork we all have a chance to step up to the plate and offer our suggestions to help improve the platform.