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in a society with such dramatic wealth inequality, subscription can never be a viable business model for journalism. If you aren't charging people more based on
by ouid 9y ago
in a society with such dramatic wealth inequality, subscription can never be a viable business model for journalism. If you aren't charging people more based on how much they have, You're not going to be able to make it up on quantity, since most people have zero disposable income.
Donations, however, scale with the inverse of the "marginal utility of money". Even though donations are completely voluntary, because they scale with wealth, at some level of wealth inequality, they become more profitable than a subscription service at any price point.
(ad revenue also ostensibly scales with wealth, but not as well, since consumption doesn't scale very well with wealth)