Why can't Netflix subscribers use their fees to communicate their valuations of their favorite content? In other words, why isn't Netflix a market? It's simply because people don't understand the benefit of markets.
Medium recently started giving members the option to subscribe. It costs $5 dollars a month... but Medium is going to channel all that money to the most valuable writers. Except, subscribers can't use their fees to communicate their valuation of stories. So how can Medium possibly know which writers are truly the most valuable? It can't because... just like Netflix, Medium isn't a market.
If you truly want to support liberty and freedom then please help people understand the benefit of markets. You'll know that you've done a good job when your audience completely understands the benefit of Netflix and Medium becoming markets.
Why can't Netflix subscribers use their fees to communicate their valuations of their favorite content? In other words, why isn't Netflix a market? It's simply because people don't understand the benefit of markets.
Medium recently started giving members the option to subscribe. It costs $5 dollars a month... but Medium is going to channel all that money to the most valuable writers. Except, subscribers can't use their fees to communicate their valuation of stories. So how can Medium possibly know which writers are truly the most valuable? It can't because... just like Netflix, Medium isn't a market.
If you truly want to support liberty and freedom then please help people understand the benefit of markets. You'll know that you've done a good job when your audience completely understands the benefit of Netflix and Medium becoming markets.