An animated GIF of a clip showing Jimmy McMillan arguing that the rent is too damn high.

#journalism #dollarnomics #editorial - Tyler K. Nothing reporting.

DATELINE INTERNETOPIA - #Substack has created a mythology in the form of the $15 a month newsletter. The claim was that it would help support independent writers who have been driven out of organized news gathering by capitalist greed’s desire to “trim the fat” (meaning people who cost money they’d rather have in their Cayman bank accounts), but the model is unsustainable. In reality, all it does is net Substack more revenue.

Of course, they need that larger cut to support the now far more bloated model that appears to include completely free hosting of a blog, unless you want to use your custom domain, and then you’ll have to cough up $50… and then do it yourself. Yeah. You pay them to then do all the legwork. Liberating, indeed.

Whinging about fees nobody else charges aside, most newsletters are asking for $15 every single month. That doesn’t get you an entire newspapers worth of content, but the words of one contributor. And Substack doesn’t offer discounts for subscribing to multiple newsletters, so if you pay for three newsletters you will be forking over $45 a month.

That comes to $540 a year which is more than double what we pay annually to heat our water and dry our clothes. Imagine floating an entire newspaper’s bullpen at those rates so one person could stay up-to-date with the news! Not that I would, but I can get a subscription to the Pasadena Star-News for $3.50 a week. That’s an actual newspaper with lots of contributors, sections, resources, and whatnot and it’s still a buck less a month than that single newsletter.

We can’t do this. It won’t work. We cannot continue to rely on insanely wealthy oligarchs owning all of our local and national news, whose collective bias against a free press has become increasingly clear over the past few years, to transmit that bias into our consciousness on a daily basis.

If there is one thing we can do as, and I’ll use the word yet again, a collective, it is to subscribe to an organic virtual bullpen of writers to produce open source news that everyone could benefit from, regardless of how deep (or shallow) their pockets are. Several such collectives would be even better. And let’s start it at $5 a month with a sliding scale so readers can select a contribution they can afford.

The mainstream media, popularly known as the MSM in various circles, and the internet as a whole, has been slowly and methodically subsumed by the rich and powerful and turned into outlets for their increasingly unhinged desires to terraform society into something better suited to their wants and needs.

Look no further than Elon Musk’s acquisition of Twitter and its rapid descent into madness. More recently Mark Zuckerberg has announced the end of fact checking on Facebook and other Meta platforms for reasons that are plainly disingenuous. X is much smaller than Facebook, but Facebook and Instagram represents 5 BILLION USERS.

If Mark is able to influence a mere 1% of his global userbase, that’s 50 MILLION people.

That’s just insane.

A solution requires two parties, creators and readers. We have the creators, but readers need to step up and be willing to pay a small monthly fee knowing that it will go towards the production of quality, reliable, fact-checked news gathering. Getting everything on the internet for free is a zombie shambling around a china shop, smashing everything and making a chaotic mess of things and we need to put it down, for good.

After all, you get what you pay for.

For more on my concept of Dollarnomics, read here and here.