I agree about the liability part. My interest was piqued during the so called Twitter files, when reporting was something like the bosses of twitter, Facebook and Wikipedia sat in a weekly (or was it monthly?) meeting, where they were told what controversial topics to “tamp down” on. I found it very weird, especially since I cannot imagine how one “tamps down” on a wikipedia article?

I think the much harder part is how would you go about democratising a website?