This a brief look at what I think of Stack Exchanges Flagging system. This is not to say I do not like Stack Exchange, this is just a look at some community building efforts.
Badges in Stack Exchange are like medals and caps in Fanpop they signify that you did something notable to the site. This article will show you how to get badges.
This link will show you how to vote in Stack Exchange. Voting in Stack Exchange is how you choose what content is the best and in some cases voice your opinions.
This is the official site of Stack Exchange a Q&A site with many different topics and users. Topics range from Academics and Automotives to Scifi and Fantasy and pets.