I have been using Reddit for more than ten years, and I have the slight feeling it's starting to hurt the website as a whole.
I can't really say if content is getting worse.
I agree with the strike, but this really is a big crisis, it seems is going to create a lot of damage to the communities.
It's true that some mods abuse their powers and that it's not a perfect system, but this system is also what made Reddit so successful...