There are a couple of governance systems in the world. Parliamentary democracy, direct democracy, anarcho syndicalism, etc.
With its decentralized nature, mostly free movement between communities and instances, which governance system would be closest?
The big difference here is freedom of association. In the real world, your life depends on being accepted into that group or migrating to another place while having huge losses and problems due to it later on.
I’m not sure i agree because an admin can also be protested against and they can share ownership (i did that as well). Its not as black and white imo.
Just because the punishment isn’t as strong doesn’t mean that the system functions differently. You are also going to run into issues where established communities may have issues moving.
But that isn’t baked into Lemmy. That is a decision you made outside of Lemmy. Even then, is there a case where your instance could run without you? If not, you are still acting as an enlightened dictator.