> I bet if something like that happened, it'd quickly soar to $0.2 an episode in the next year, then slowly creep up more and more
Yeah probably, until they find the point where more people leave because it's too expensive than they'll earn by raising prices, then they'll oscillate or find a new direction. Isn't that how capitalism is supposed to work?
Capitalism is supposed to have perfectly competitive goods to be efficient. IP protection - especially the obscene century-long protection of copyrights - renders capitalist competition into monopolistic competition, which no longer maximises consumer surpluses.
Hence mandatory licencing can increase benefits for society - and in the past such models worked - e.g. for radio. Today, the only reason content conglomerates get away with it is that they can pay of sufficiently many legislators.
That's Adam Smith liberalism. You can have a market and competition without capitalism. Just look at what China did for EVs and solar panels, its full liberalism under state planning.
China does have _some_ capitalism, state capitalism but still, capital owners decide what is produced, with state supervision (nuclear, coal, rail sector, Alibaba). Already for its telco sector we knew it was different, it wasn't like the usual, a sort of capitalist liberalism with state planning. Now we have more data, and i'm not the only one to think its EV boom is the perfect example of a non-capitalist liberalism.
I think it's broken, yeah. I think the whole "art for money" thing doesn't make sense in general and something else has to be figured out. Artists should be able to survive without depending on things like "perfectly competitive goods" or whatever.
Yeah probably, until they find the point where more people leave because it's too expensive than they'll earn by raising prices, then they'll oscillate or find a new direction. Isn't that how capitalism is supposed to work?