How many $5 a month subscriptions can any one person afford?
The same money on Medium gives access to ALL the writers here.
Soon or later the Substack economy will crash and writers will have to accept microsubscriptions (less than a dollar a month) or resign themselves to offering their writing for free.
It's one thing to get people to sign up for a newsletter. Quite another to persuade them to pay for it.
Medium writers, don't be seduced!