I had a person tell me in game they hate black people, then left a comment on my profile referring to black people as black monkeys. I reported them. About five times. Steam does nothing. Their comment would be still up if I haven't removed it manually after one of many reports resulting in nothing. Their profile is full of proof of it being a long term continuous effort. Their account has a high level, which makes me think it may be why Steam seems to be protecting them. I reported people in the past and stuff was done about it. It's my first time dealing with blatant racism AND no moderation effort from Steam. I even ended up messaging steam support about my concerns and got a generic response which amounted to nothing.
I see people speaking up about poor moderation on other platforms, so I chose to speak up about Steam's as I'm really tired of this bullshit.
That ignorant and failed doctrine is seen as "internet 101" in a way that was such a failure that it lead to the "containment theory" that gradually permitted all of 4chan to become extensions of /pol/ and made it the nazi hive that it is now.
Demonetization works. Look at how relevant Milo Yianopulos is now.