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I'm reminded of the quote from Keynes: "Markets can remain irrational longer than you can remain solvent." While I think the author does a good job pointing o

I'm reminded of the quote from Keynes: "Markets can remain irrational longer than you can remain solvent." While I think the author does a good job pointing out how unsustainable this business model is, predicting the end of the subscription model seems a large leap. Given that the author doesn't frame the discussion with a solid prediction, this article comes across as a "it doesn't make sense to me" rant with a little bit of embellishment to predict a downfall at some unstated time in the future.

rotifer 3y ago
Somewhat tangentially, that quote seems likely to be from a financial advisor named Gary Shilling [1], rather than Keynes. [1] https://quoteinvestigator.com/2011/08/09/remain-solvent/ https://quoteinvestigator.com/2011/08/09/remain-solvent/
IshKebab 3y ago
Right. The fact that only a tiny few earn enough to live off hasn't stopped the music and book industries from existing well before subscriptions were a thing. The article is a collection of observations and numbers with no interesting conclusion.