Y'know, ninety-nine percent of what makes a farm work is just plants and animals doing their thing. That's not to say that the farmer doesn't work hard, however. That one percent is composed of things like weeding, plowing, repairing fences, hard stuff. But ultimately, everything the farmer does is not about helping the plants and animals. It's all about funneling the things those plants and animals do naturally towards his own profit. You don't reward the cow fairly for her milk. You fence her in, give her the minimum required to keep her milk flowing healthily, and then take as much as you can from her. Ditto for the chickens. You don't reward the chickens fairly, you fence them in, feed them the cheapest food you can and still keep the eggs popping out, and take everything you can from them. Getting rich is all about farming human beings for money. These billionaires often really do work quite hard, but all their work is geared towards farming human beings as profitably as possible. They're not interested in fair trades. You don't get rich trading fairly. You get rich by using information asymmetry to apply agricultural tactics to human capital stock. Short version: the rich having been farming human beings ever since feudalism times, and they have just become more efficient at it over time.
@@MarsM13 You sound like someone who enjoys inhaling your own farts. Maybe you should consider starting a fart farm. You can gather some guys, fence them in, give them the minimum to keep their farts blowing out healthily, and take as much as you can for them. Ditto for women, who have daintier farts. Don't reward the women fairly, you can fence them in, feed them the cheapest beans and microwavable burritos you can and still keep the farts popping out, and take everything you can from them. Bottle up and sell those organic, GMO-free farts, and you'll be a feudalistic billionaire in no time.
I am perfectly happy to pay for a subscription service that gives access to more content than i could ever buy individually. I am however refusing to pay X/10 per month for software which used to cost X and which i could keep for years and years if I wanted to.
This. Or renting where you can use something one or a few times when you actually need it rather than having to buy something for one time use to never use it again.
Agreed. Plus, it's more economically feasible for me to save a bit at a time until I have the lump sum for some things than it is for me to pay a constant subscription.
Exactly! Netflix and Spotify makes sense bc it would cost me way more to buy the content they house. But Adobe..... They are just trying to ripp us off.
@@hannahwhite7227 the only time it economically makes sense to rent is when you foresee yourself living somewhere for less than 4 years, if you take out a mortgage at that time you’re mainly paying interest in the first few years rather than gain equity in your house. Other than that buying a home is 1000000% the way to go
The most annoying type of subscriptions is the phone apps specifically the ones that charge a yearly fee after a trial period. I recently found out that I purchased a yearly subscription for a mushroom recognition app, but I can only use it during a couple of month in late summer because there are no mushrooms during other seasons!
Yeah, I mean I like Jazz Radio, but noticed I hardly listen to it anymore. Wanted to cancel the yearly subscription a couple of days ago. Apparently, it renewed at 1st of January.
Had i known this, I would’ve never purchased my iPhone. No app is free. On android i could just downright get whatever i wanted just by googling it and installing it myself.
I disagree with your photoshop example, most of the time I don't need any of the new features and just wouldn't upgrade so I would have saved money compared to the expensive subscription model. I liked the fact you could choose not to upgrade and still have a functional product that is still suitable for business use. Now they got rid of that option so they can continually extract money from you whether you use the new features or not.
Its the same with Autodesk you save a ton when you buy it upfront cause you keep it for a long time before you consider any "new features." Now they would have been great if they offered both so you can get the maximum value but now it's just them getting the maximum profit.
What you are saying is that the older, now commodity features of Photoshop were sufficient for you, so you should have (and likely did) switch to an alternate offering positioned at commodity level-Pixelmator or Affinity’s products. That’s great! Adobe, Autodesk, and now even Clip Studio Paint are optimizing for the set of customers who see continuing value in feature enhancements, and are willing to pay the amortized ongoing marginal cost for them rather than periodic lump sums.
I've still my old paint shop pro 9 from ages ago, it does the work with basic image work just fine. And it was like 50, maybe 70 bucks back in the day, Got never stuff for more intensive, one does not always need the latest things to do everything. (tho it only has that 4gb limit so anything above 4k*4k is gonna get sluggish, but like i said, basic).
I'm not inherently against subscriptions, but I wish it wasn't so hard to *own* copies of things too. I don't like that a lot of digital media can't be easily (or at least legally) downloaded anymore, it all has to be kept on the product holders servers. Which is fine as long the servers stay up, but if anything happens, all our stuff is gone through no fault of our own. No ability for us to make backup copies. I like subscriptions for trying things out, but if I really like a movie, book, or song, I'd prefer to have an offline copy for myself and I don't mind buying it by itself, but currently even if I buy a digital copy, I won't actually get a digital copy. I'll have access to it only so long as I have access to the server it's hosted on for as long as it's hosted. Also, in all honesty, renting a living space (room, apartment, or house) *is* a subscription and people *do* lose their housing if they don't make their payments. Even mortgages are subscriptions until you pay them off (if you ever do).
@radhuan Completely agree! Though the analogy of a mortage being a subscription is a little off; as you can't ask netflix, etc, for a loan to view their content.. A mortage is debt/liability which cannot be canceled without massive loss - a subscription is cancellable with no legal obligation. Its all about contracts.
Even with limitations, a physical copy still exists and can be transcribed to newer technology. Yeah, it's not totally legal, but if the company who owned the rights is gone, there's no one to enforce the law prohibiting me from copying my VHS to a DVD or digital format so I can continue to enjoy it. My VHS, DVDs, and CDs don't instantly stop working because the distributor went out of business.
I was thinking more along the lines of like, the subscription exclusive movies and TV shows that I've really enjoyed, or my audiobook library that I'm going to have to start finding off-subscriber copies of so I can have them just in case. I have definitely begun turning some of my SUPER old VHS's of movies never popular enough to be digitized into DVDs, although I'm pretty rubbish at setting up menus and the like.
Subscriptions are one of those things that works extremely well with certain things, but businesses gotta follow those trends and now there's so many bloody subscription packages that have no reason to be one and now cost way more and are way more inconvenient. I find business software is a big one, used to provide perpetual licences, but there's been a big trend of large companies buying up smaller ones and making their products all subscriptions, really annoying.
I worked at a machine shop that had a couple of thumbdrives from the early 2000s with perpetual solidworks and machining strategist keys on them. They were perfectly happy with surfcam 2003
Yea it's a good way to squeeze smaller businesses for everything thier worth, then buy them up once they go down . It's a good model for the super rich investor types.
Well do keep in mind, it's relatively easy to build your own software business. If you get some guys together and build something, you probably can sell it. The one major expense though is attorneys fees: you will want to be working with an IP attorney from nearly day one.
I made the mistake of treating my first lease as a subscription and assumed that not renewing it was the same thing as cancelling it. Ended up having to pay an extra month's rent in fees. The only other subscriptions I have are Amazon prime, my phone bill, and internet bill.
Subscription model just works better, mainly because people pay and forget. I get charged 2 dollars every month for a service I used once in my web developer career. Ive been meaning to cancel for ages, but always forget, for over 2 years now.
And that works, as long as a competitor doesn't start offering hardware sales in a credible manner. That competitor may not be a company that existed yesterday.
Personally, I’m far more reluctant to add to my monthly overhead than I am to make a one time purchase. I feel like monthly payments are from my parents generation, when most people had consistent monthly income; or for white collar salaried employees at the tech companies themselves . Now most people I know have variable monthly income so We can never guarantee that We’ll be able to afford the thing in 6 months.
@@bill_the_butcher many jobs are paid based on productivity, or they pay an hourly rate but you will be laid off or have your hours reduced in slow times. Even salary jobs can be pretty unstable as companies staff up for big projects and then cut staff when the project is finished. Stable, predictable income is very hard to get in this day and age; congrats to you if you’ve achieved it but it’s out of reach for most people. At least congrats to you if you were born after 1980, if not than you’re kind of proving my point.
Wish you talked about things like Phillips Signify and Bosch Blue Movement. Subscription services for lightning and home appliances, actually priced pretty competitively to paying upfront for the hardware and being on the hook for repairs and replacements
@@TheMysteryDriver same could be said about insurance “they wouldnt do it if it wasn’t profitable”. But getting rid of home/car insurance would be dumb
@@demanhemzelf4431 you already get uninsured and underinsured motorist coverage because people don't have. No real difference than mandating it to get a plate/registration. Just make it part of the state costs. Homeowners insurance is all about denying people. And you only need it if you have a mortgage (assuming the mortgage backer requires it).
@@electrogeek77 for some things, yes. But for a lot of things (health insurance in the USA, or other insurance) it’s not mandatory. Yet ppl still buy it
It's kind of ridiculous to me how digital scanning services, professional ones at least, cost so much. My dad is a lawyer and having his cases digital helps a ton. he pays for online resources that allow him to store and enter this data, but the most popular ones in his industry are broken and glitchy as hell. they cause so much stress and are so expensive.
I have 1 monthly subscription (Personal) and 1 yearly subscription (Work). But it is becoming increasingly more difficult I have noticed to keep paying an upfront lifetime fee for some things. I don't class a monthly phone goody bag or general bills like electric, internet and other essentials as a subscription, just niceties like: Spotify, Netflix etc...
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I work for a software company that uses a happy medium approach. Upfront purchase with a two week free trial. Then, an incremental payment for maintenance, which includes free updates and access to tech support. That way, old versions can still be used by cutomers, but the company has a consistent stream of revenue.
Even though Adobe gets the most flak for their subscription plan, they're the only software where it actually makes sense. It would take 10 years for the price of their full suite subscription to catch up to what it used to cost to buy. No one who thinks $10/month is too expensive for Photoshop would be lining up to buy a perpetual license for $700 if the option was still available. Every other software company though is atrocious. I shopped for accounting software recently only to find out that no company sells it in a buy once option anymore. Apparently Quickbooks used to be like $350 and that would last three years or so. Now the cheapest subscription price is $25/month, and adding even the most basic features onto it can more than double the price.
I'm less wondering about these services surviving recessions, and more wondering about these services surviving changing politics. A lot of these subscriptions really exist because of monopolies, especially the software ones.
It not always a bad thing. I (and my family) spent hundreds if not thousands of dollars on music as a kid for a limited catalogue. I pay a monthly fee for the entire family, have an essentially limitless catalogue, and don't need to spend money on my teenagers while letting them explore their favorite music.
Until you're in a situation where you can't afford that subscription anymore, and you lose your music collection. It seems foolish not to purchase your absolute favorites as backups (and to supplement the paltry royalties streaming gives artists).
Subscriptions don't make sense in every single thing; music, movies and videogames are good enough. (None of these things are neccessary for living) Cars, MS Office, Pantone Colors, Groceries, Shaving equipment, Coliving and even software for some big enterprices or industries make absolute zero sense.
And what happens when your streaming provider's servers have an outage or the company goes belly up? That's right, you wish for the 'limited catalogue' as that is still infinitely better than no catalogue at all.
Nice explanation! Software subscriptions should make perfect sense for customers when the services they are paying for cost the company ongoing costs. Things such as cloud storage, computation infrastructure and licensing are not free and factoring them into a one time payment for all the different types of customers is next to impossible.
One model I've thought of is selling the single-player for a video game as a single, upfront purchase price, but then using cloud computing to support a mega-multiplayer that the player pays for and could support awesome processing speeds and huge games. The benefit of this model is I'm getting recurring revenue from my players, but also providing them with a real recurring service in return, which is the ability to support much bigger, greater, more reliable and more awesome multiplayer games than their computer could locally host. I would also offer free substitution in to on-going games (if a player steps off, another player could take over their position) for those who just want to try out the service before they commit to buying a game. You would also be allowed to modify the game, but only under the precondition that you sell your mod in the games marketplace. Regardless of what price you charge, we collect $5 from each download, so there's a financial incentive to produce mods that are of great value. We won't prohibit "Christmas mods", "Barney mods" or the like, a little cheekiness can be fun and adds to the community, but the financial incentive will be to produce something that a player would spend $50 on, because then we only collect 10% of the price instead of 50% of a $10 download. This also helps players find what they're looking for, since the monetary incentive is to produce one mod that is really, really good instead of 100 so-so mods.
In a way I wish that all car manufacturers sell you the car for cheap with everything locked behind subscriptions, because then you can pay a third party a much smaller sum of money to unlock everything for you 😆
Subscription based products mean that when you stop paying, you're left with nothing to show for. Since I have a variable income, I can't just assume I'm able able to pay recurring bills all year long, year after year. For example when it comes to music: I'd rather buy a 4k turntable and 50 bucks/record in times of financial success and not spending anything in times of financial misfortune.
Good video. This is an ongoing problem that people seemed to have overlooked but I don’t think I totally agree with the adobe subscription model. Not every person wants the new features added to the software. Some people are fine with a basic model. I think as a whole these subscriptions are designed to make market research, reliance and consumer spending easier. They don’t provide any advantage to the consumer in the long run.
I would like to have the option, though. If I only want one version and stay with it for years, it's not possible. For me, that only confirms that they don't care about their customers.
If ya ask me, subscriptions sucks for the consumer as a business model. Subscription sell you on the convenience of making the one time decision to subscribe to this service to take care of that area of ur life e.g. groceries, but over time u just end up losing more and more control over the product you are paying for and subscription companies charge more and more ridiculous premiums as a "service". Yes when u own things they require maintenance, but if the company is primarily making money from "Maintainence" then they have no incentive to make the product any good. Infact it encourages them to.make the.product shit, but spend lots.of money maintaining or convincing others to buy in and keep their monopoly so you can't opt out. Coming from someone who manages corporate IT equipment which has been on this kind of pseudo subscription model where u expect things to break every few years and need constant upgrades. There's a reason why Adobe Acrobat is so shit but we are all stuck with it.
"Planned/Deliberate Obsolescence" go hand in hand with this whole subscription economy. Why lightbulbs you see on the market only lasts 500 hours?? To make you BUY more and more - essentially turning that lightbulb into a subscription service. They can make lightbulbs that last for millennia... _if they want to._
Greed is killing America’s economy. There’s greed with companies charging these subscriptions, especially where it’s unnecessary while the customer owns nothing and leases everything, and there’s greed with the customer wanting access to it all.
What the hell are people subscribed to that it adds up to $300 a month on AVERAGE? I thought I had a lot of subscriptions but even counting my patreon contributions I'm on
At one point I had netflix (wife) disney+ (kids) and amazon prime all together, kept just amazon because of the multiple benefits it offers, im gonna switch between netflix ans disney from time to time but never commit to a one year subscription no more
I knew from the start what these companies were trying to do and I never had a "subscription" with any of them. I like to own my media. I hate when someone rations me what and when I can access. It's dystopian, limits my freedom and makes me almost feel like a slave. I told my friends that this "subscription" thing will turn into a nightmare but no one listened to me. People told me that I overexagerrate and that these companies would never turn on their customers (sigh). I guess, I need to look for smarter friends...
You could have just said "Because they maximize customer exploitation / customer expense" and saved a lot of time. It's the same reason physical shops offered layaway or installment plans - you can get more money from more people if you put a smaller price tag on things up front and gouge people on the back end.
If it’s for something you don’t physically have, like streaming service, I think subscriptions are completely fine. Sure if someone is irresponsible and forget about it they’ll lose money that they might need but then again at least they can’t impulsively (or drunkingly) spend $2000 or whatever on something that they then realise they didn’t actually want so that kinda balances out. Also, the car example isn’t a huge deal because that is only for luxury cars with lots of extra and those are for people who want to waste money on big expensive cars already, so it’s fine if they’re going to waste it on unnecessary subscriptions instead. Also I’m surprised you didn’t mention rent which is basically a subscription to a house.
Conditioning every people to believe that subs are the way to go is so easy for companies because in terms of marketing, if you can showcase and deliver convience to the population it is so much easier to get into their pockets. Most people are not willing to pay hundreds or thousands up front but the 'pay you back' or 'iou' model is what these big corporations are betting on and it is working. Anything that makes everyday life more convient for the average Joe or Jane is what marketing is looking for.
I do have an Everyplate subscription but I would (and still do) spend money weekly on food anyways and it's a consumable. Everyplate just gives me a variety of dinner options because I'm the type to get stuck in a rut. Other than that it's just necessary subscriptions in the modern world like phone and internet, even then I own my phone and router flat out and just pay for the service. Otherwise I still very much refuse to pay subscriptions. I do not pay for the online service for any game system I just play online on Steam and use my Switch and PS4 purely without. I don't have Netflix or any other video streaming service. Still buy Blu-Rays occasionally but honestly rarely watch shows or movies. Still buy CD's and rip them myself, and occasionally use Bandcamp for smaller creators and download it. I don't care if I get labeled as old fashioned or anything of the sort. I own all my stuff. I got enough monthly bills just by existing as an adult in the US don't need to add more constant drains to it.
Yeah, I realized a while back that I was basically enslaved with tons of different chains billing me every month so I stripped it back, no amazon, no gaming subscriptions, no headspace, etc, etc. Spotify I'll take the hit.
The shift to subscriptions is why I stopped using Microsoft Office at home. I now use Apache OpenOffice for all my needs. If I need some kind of heavy computation, I program it in R or Python - runs faster anyways and I get way more "cool new features" every month from the worlds mathematics & engineering colleges continually releasing packages through CRAN than Microsoft would release in a decade.
a fair subscriptions deal is when you pay monthly or yearly to get a "variety" or "multiple" of products and services.. such as games, movies, music, software updates, privileges service, etc.. but paying for a subscription just to enable you turn on or off something.. is just idiotic..
I predict this will happen to cars eventually. When self driving cars become prominent, the dealers will be reluctant to sell them to you, you won't need a driveway or parking spot. The pricing model will make it advantageous to take the subscription instead of owning the vehicle. You will likely subscribe to a dealer such as BMW to dispatch a particular car (instead of only the seats). You won't get the same exact car each time, however you will get the same make and model that is within your package. Vehicles will be dispatched based on your subscription tier. You can use the vehicle for as long as you need it, multiple-stop trips, long distances and the like that are not easily priced into Taxi type services. You wake up for work and your car will show up automatically and take you to work, go buy groceries etc. You could subscribe to multiple vehicle providers depending on your needs. So you could have the advantage of owning a truck and a car without having to find place to park them etc.
Subscriptions work when the economy is good, but when the economy declines and people have budget issues, subscriptions are an obvious area to cut. The only subscriptions which work are ones which require on going updates, such as virus protection software. But for operating system software it makes no sense. As for streamers against DVD’s, a streaming service is useful to identify a good movie or show, but once you have found a good movie or tv-show, its best to purchase the media. That way if you cut the streamer, you still have a library of high quality entertainment. Regardless, you can still access a free streaming service which is based on advertising, as a low cost alternative.
So you want to use the seat heater that is already installed into your car? No problem, with a monthly payment of $59.99 you can feel the comfort of driving while your seat is at the perfect temperature at every moment (don't worry, we already know what temperature that is). And there is more. If you want to feel the adrenaline of driving at max speed, you can unlock the maximum potential of your vehicle's engine for only $99.99 a month.
I am an entrepreneur, chuckling a bit at this comment section. Everyone saying “oh i would rather buy things outright, no subscriptions.” Would you? Would you really? I agree that this has gone too far, ie BMW offering heated seat subscriptions. That’s obviously ridiculous. But when it comes to software and online services, it truly is WAY more profitable to offer a subscription. You say you’d pay outright for a program, and yet so few actually do. Then we - the business owners - get locked into price battles with competitors and everyone loses. Absolutely no subscriptions for things like vehicles or features in vehicles, but for those of us that produce digital assets, subscriptions are the best way we can stay afloat and be profitable.
The only subscription service I would like to see more of is for cars. Get that cheap (subscription only, not paying per hour, mileage only) and that will feel like freedom to me
I think there is a boom in subscription services because it is relatively new, the economy tries it out on basically everything, with time they will learn, what works and what not, consumers will get more and more skeptical and turn away (see the most popular comment "The only service needed is piratebay"), this business-model will run through a number of years of correction, where the subscription services, that don't work, go out of business while the succesful ones stay around. And within the succesful ones we will most probably see a number of mergers. And at some point in the future the market normalizes.
I dont pay monthly for shit that I can get for free legally. Speaking of libraries you can rent movies for free. You want a book you can get one for free there too. If you live in the EU you get a ton of legal free streaming services.
I recently replaced my cable internet modem. I called my cable provider to activate it, and had to turn down about 5 sales offers for subscriptions in the process. One of them was to rent a modem for $15 a month. I bought my modem for $200. Cable modem lasts for about 5 years. You do the math. Ok, I know math is hard, so I saved $700.
I'm extremely cautious of subscriptions just due to general fear. I dont have amazon prime, I don't subscribe to any streaming services, and I only use free versions of spotify. It does kind of unnerve me the lackadaisical nature of these services and it seems like it has a haunting ending to me. Idk.
I as a consumer hate this trend with every fiber of my being. I just see it as another manifestation of human greed. Adobe, and for that matter, any software company that switches entirely to subscription will not see a dime from me.
I only have 4 subscriptions for services. Doordash has a glitch where you can renew their subscription for 3 months for a penny. I only paid 4 cents for theirs, Netflix pay only $2. Paramount +, I get for free. The only one I do pay for is UA-cam Premium.
"You will own nothing and you will be happy"- Klaus Schwab. he said it in public and openly and even explained why, when, how repeatably and for years now etc. This is no secret or conspiracy by definition. If you are trying to keep the eye of Sauron of you by trying to create degrees of separation well congratulations you have managed to achieve the opposite. Pro Tip: Just say nothing at all and keep to the subject at hand. That way as an audience member I don't have contemplate how you are dehumanising me and ignoring my individual agency by insulting my intelligence and acting like I am somebody not worthy of consideration because I am a through and through empiricist that operates in reality and you don't flag up on anybody's radar that actually matters for wrong think. Everybody wins. You do great work, Don't taint it with this nonsense. Cause yes it's triggering as the youngers would say.
To get the most out of Netflix, find a screen recording program and leave Netflix on autoplay for the night, on your computer. There ya go, now you "own" some movies on your hard drive "forever".
1. Hulu is the first online video subscription service and the pioneer in bringing commercial videos through the internet without needing to use physical media and without the viewer needing to worry about licensing issues (though this resulted in videos being restricted by country). Back then Netflix was delivering dvds as their only subscription. 2. Delivering commercial videos (movies and tv shows and similar things) through a subscription service combats piracy by providing something similar to what the net pirates offer and even better. The cost is reasonable given that old tech cable tv bills used to reach over $150/month. Now it is internet connection bill + subscriptions but still similar $/month. 3. Music is commercial audio files and subscription services like spotify offer a huge library for only a monthly cost to those who hear it. 4. Commercial video games are in the "same boat" as the "movies and music" where the subscription service gives you temporary access to a huge library of games with service like the xbox games pass or playstation. They also charge for online play. Nintendo has its own subscriptions for online services, retro games, and pokemon service for trading pokemon between the newer games. 5. Software such as from Microsoft and Adobe is an area where one can save money on subscriptions but need a lot of research to find out which of the available applications work for you. The best are the open source applications that not only are free to download and use, but also offer their programming code to you if you find yourself to be a good coder and be able to add your own features to it. You can to some extent edit pdf files with Libre Office which is the open source replacement for microsoft office. Then Gimp instead of adobe photoshop and there is a list of applications to use of any kind that replace the other adobe applications in the entire creative suite.
I'm completely against subscription of anything if i can't buy or own what i want and enjoy then i don't want it at all i own a nice apartment unit and own a nice mk3 focus 5 speed and i will continue to own everything i've worked for and won't allow anyone or anything to take my stuff that i personally own especially my car.
Wven movie theatres are honing in on this phenomena pf the residual income for them. A single ticket in my area is 14.80… they offer an unlimited viewing anywhere anytime for 18 a month. The box office is just for show and now replacing it are kiosks and the food stand workers. All the theatres in a 100 mi radius have a last showing at around 10pm🤯. WTF HAPPENED TO THE WORLD AFTER COVID?!?
About the intro: I wish I could buy my games and movies instead of subscribing. Because, in the end, I'm not the actual owner of it and its local contents. A game company can simply "fix the content for modern audiences" and remove stuff that actually made the game enjoyable, and remove (and/or censor) old movies for "inclusivity" reasons
My question is - if it isnt possible to hack into your car and enable heated seats. Feels like it would be easy doable. So company would lose money and mechanic-hackers job would flourish
Paying for heated seats? During summer months? BMW is already charging you for the heated seats when you purchased the car! What auto manufacturer is going to give away free hardware options, physically installed on every vehicle mind you, & hope to make up the cost by leasing the software? If you're paying for heated seats then you're paying for the option twice cause the seats don't suddenly have heaters just because you paid a fee but they do suddenly work after paying the fee. And this is to save BMW money? It also never hurts having the ability to reach directly onto your customers bank account whenever payment is due & just pay yourself instead of waiting on the customer to submit payment.
Because people will suck up everything you throw at them, that's why. Until the easy money ends, which is already happening. I only have a subscription to my fiber connection + mobile phone and the former only since a couple months ago. Before I used to connect to the internet via tethering with my phone.
not how it works. each individual product is its own separate subscription service it's not just one platform with a bunch of different free products bundled together with it's subscription, it's outright anti consumer, you don't even get an option to use the product without being charged a monthly fee for its continued existence. when you stop paying they brick it. it's like some kind of protection racket.
Uh. I have only two subscriptions 1). UA-cam premium. I really use it. 2). Office 365. Also use it. 1TB one drive, and OneNote's sync. Ocassionaly I take Kindle Unlimited, Audible, and Amazon Prime.
The fact that Microsoft makes you pay for 365 (formerly Office) and it locks you out of apps like word and powerpoint shows how greedy Microsoft has become.
I used to be able to buy a completed, functional game for $60ish, and play it as much as I want. Now I STILL have to pay the $60ish for a buggy game, AND I can't play it unless I give Microsoft $15/mo. This is NOT cheaper. As for Photoshop, regardless of it's cost, GIMP does just about all of the same things for FREE. When I was a professional photographer, I laughed at people buying PS, particularly once they went with subscriptions. My new computer required a subscription to use Word, so now I just use WordPad for free. The digital era is enslaving us like never before.
Go to buyraycon.com/hmw to get 15% off
your Raycon purchase!
Can I rent my raycons with a subscription?
@@orionh5535 LOL
Y'know, ninety-nine percent of what makes a farm work is just plants and animals doing their thing. That's not to say that the farmer doesn't work hard, however. That one percent is composed of things like weeding, plowing, repairing fences, hard stuff.
But ultimately, everything the farmer does is not about helping the plants and animals. It's all about funneling the things those plants and animals do naturally towards his own profit. You don't reward the cow fairly for her milk. You fence her in, give her the minimum required to keep her milk flowing healthily, and then take as much as you can from her. Ditto for the chickens. You don't reward the chickens fairly, you fence them in, feed them the cheapest food you can and still keep the eggs popping out, and take everything you can from them.
Getting rich is all about farming human beings for money. These billionaires often really do work quite hard, but all their work is geared towards farming human beings as profitably as possible. They're not interested in fair trades. You don't get rich trading fairly. You get rich by using information asymmetry to apply agricultural tactics to human capital stock.
Short version: the rich having been farming human beings ever since feudalism times, and they have just become more efficient at it over time.
Hey.Let me make your thumbnails. You've got the potential to be dominant in this niche.
@@MarsM13 You sound like someone who enjoys inhaling your own farts. Maybe you should consider starting a fart farm. You can gather some guys, fence them in, give them the minimum to keep their farts blowing out healthily, and take as much as you can for them. Ditto for women, who have daintier farts. Don't reward the women fairly, you can fence them in, feed them the cheapest beans and microwavable burritos you can and still keep the farts popping out, and take everything you can from them. Bottle up and sell those organic, GMO-free farts, and you'll be a feudalistic billionaire in no time.
When tech bros get into real estate, tenants no longer pay “rent” instead it’s “housing as a service”
Totally what I was thinking. Renting is a subscription. Don’t own it and pay a monthly fee.
@@rob3rt4a Not really. If no one stays in the Air bnb then there is no money coming in.
Rent is the first "housing subscription" model. It's always been there.
The same way tech bros are not oligarchs, they are entrepeneurs.
You're verified. Cringe
I am perfectly happy to pay for a subscription service that gives access to more content than i could ever buy individually.
I am however refusing to pay X/10 per month for software which used to cost X and which i could keep for years and years if I wanted to.
This. Or renting where you can use something one or a few times when you actually need it rather than having to buy something for one time use to never use it again.
Agreed. Plus, it's more economically feasible for me to save a bit at a time until I have the lump sum for some things than it is for me to pay a constant subscription.
Exactly! Netflix and Spotify makes sense bc it would cost me way more to buy the content they house. But Adobe..... They are just trying to ripp us off.
@@hannahwhite7227 the only time it economically makes sense to rent is when you foresee yourself living somewhere for less than 4 years, if you take out a mortgage at that time you’re mainly paying interest in the first few years rather than gain equity in your house. Other than that buying a home is 1000000% the way to go
Yes I recently bought WinRAR, it is mine forever!
The most annoying type of subscriptions is the phone apps specifically the ones that charge a yearly fee after a trial period. I recently found out that I purchased a yearly subscription for a mushroom recognition app, but I can only use it during a couple of month in late summer because there are no mushrooms during other seasons!
WTF
Yeah, I mean I like Jazz Radio, but noticed I hardly listen to it anymore. Wanted to cancel the yearly subscription a couple of days ago. Apparently, it renewed at 1st of January.
Oh. Yeah that's scumbaggery when it's not upfront, and honestly kinda even when it is. You should have to confirm big purchases like that.
You can check your subscriptions in apple settings and see everything you're currently subscribed to from your apple account.
Had i known this, I would’ve never purchased my iPhone. No app is free. On android i could just downright get whatever i wanted just by googling it and installing it myself.
I disagree with your photoshop example, most of the time I don't need any of the new features and just wouldn't upgrade so I would have saved money compared to the expensive subscription model. I liked the fact you could choose not to upgrade and still have a functional product that is still suitable for business use. Now they got rid of that option so they can continually extract money from you whether you use the new features or not.
Removing 3D objects in Photoshop was painful.
Its the same with Autodesk you save a ton when you buy it upfront cause you keep it for a long time before you consider any "new features." Now they would have been great if they offered both so you can get the maximum value but now it's just them getting the maximum profit.
Ha! The irony is that Krita and GIMP are free and sometimes even work better
What you are saying is that the older, now commodity features of Photoshop were sufficient for you, so you should have (and likely did) switch to an alternate offering positioned at commodity level-Pixelmator or Affinity’s products. That’s great!
Adobe, Autodesk, and now even Clip Studio Paint are optimizing for the set of customers who see continuing value in feature enhancements, and are willing to pay the amortized ongoing marginal cost for them rather than periodic lump sums.
I've still my old paint shop pro 9 from ages ago, it does the work with basic image work just fine. And it was like 50, maybe 70 bucks back in the day, Got never stuff for more intensive, one does not always need the latest things to do everything. (tho it only has that 4gb limit so anything above 4k*4k is gonna get sluggish, but like i said, basic).
I'm not inherently against subscriptions, but I wish it wasn't so hard to *own* copies of things too. I don't like that a lot of digital media can't be easily (or at least legally) downloaded anymore, it all has to be kept on the product holders servers. Which is fine as long the servers stay up, but if anything happens, all our stuff is gone through no fault of our own. No ability for us to make backup copies. I like subscriptions for trying things out, but if I really like a movie, book, or song, I'd prefer to have an offline copy for myself and I don't mind buying it by itself, but currently even if I buy a digital copy, I won't actually get a digital copy. I'll have access to it only so long as I have access to the server it's hosted on for as long as it's hosted.
Also, in all honesty, renting a living space (room, apartment, or house) *is* a subscription and people *do* lose their housing if they don't make their payments. Even mortgages are subscriptions until you pay them off (if you ever do).
@radhuan Completely agree! Though the analogy of a mortage being a subscription is a little off; as you can't ask netflix, etc, for a loan to view their content.. A mortage is debt/liability which cannot be canceled without massive loss - a subscription is cancellable with no legal obligation. Its all about contracts.
Subscriptions were easier then pirating. Now pirating is easier.
Even with limitations, a physical copy still exists and can be transcribed to newer technology. Yeah, it's not totally legal, but if the company who owned the rights is gone, there's no one to enforce the law prohibiting me from copying my VHS to a DVD or digital format so I can continue to enjoy it.
My VHS, DVDs, and CDs don't instantly stop working because the distributor went out of business.
I was thinking more along the lines of like, the subscription exclusive movies and TV shows that I've really enjoyed, or my audiobook library that I'm going to have to start finding off-subscriber copies of so I can have them just in case.
I have definitely begun turning some of my SUPER old VHS's of movies never popular enough to be digitized into DVDs, although I'm pretty rubbish at setting up menus and the like.
@@H0meworkstill a pain to deal with viruses and corrupted copies
Subscriptions are one of those things that works extremely well with certain things, but businesses gotta follow those trends and now there's so many bloody subscription packages that have no reason to be one and now cost way more and are way more inconvenient.
I find business software is a big one, used to provide perpetual licences, but there's been a big trend of large companies buying up smaller ones and making their products all subscriptions, really annoying.
I worked at a machine shop that had a couple of thumbdrives from the early 2000s with perpetual solidworks and machining strategist keys on them. They were perfectly happy with surfcam 2003
This is my issue with Autocad. 2000.00 USD/yr. ...with updates that are barely noticeable. The only way to use it for "free" is becoming a student.
Yea it's a good way to squeeze smaller businesses for everything thier worth, then buy them up once they go down . It's a good model for the super rich investor types.
Well do keep in mind, it's relatively easy to build your own software business. If you get some guys together and build something, you probably can sell it. The one major expense though is attorneys fees: you will want to be working with an IP attorney from nearly day one.
I made the mistake of treating my first lease as a subscription and assumed that not renewing it was the same thing as cancelling it. Ended up having to pay an extra month's rent in fees. The only other subscriptions I have are Amazon prime, my phone bill, and internet bill.
Sounds like one subscription too many.
You are also subscribed to Social Security and Medicare. Or are those Ponzi schemes?
@@stapleman007 Yes those are literally ponzi schemes
Insurance
Insurances, utilities?
It’s the work of the WEF saying “you’ll own nothing and be happy”
Subscription model just works better, mainly because people pay and forget.
I get charged 2 dollars every month for a service I used once in my web developer career. Ive been meaning to cancel for ages, but always forget, for over 2 years now.
Insteed of coment this you could just do it? Would be less work
@@aidiogoserra1835 naah I'd keep it too
@@aidiogoserra1835
I could! I totally could, nothing stopping me at all, no sir...
Ohey look, a dumb meme compilation video! Brb
@@orionh5535 you both make excellent points 😂
@@orionh5535 haha 😅
The main reason subscriptions are so used is because investors love a predictable, constant stream of money.
The company I work for is switching from hardware sales to a purely subscription based model. So B2B is also switching to subscription as well
And that works, as long as a competitor doesn't start offering hardware sales in a credible manner. That competitor may not be a company that existed yesterday.
Personally, I’m far more reluctant to add to my monthly overhead than I am to make a one time purchase. I feel like monthly payments are from my parents generation, when most people had consistent monthly income; or for white collar salaried employees at the tech companies themselves . Now most people I know have variable monthly income so We can never guarantee that We’ll be able to afford the thing in 6 months.
@@bill_the_butcherthis. Lmfaooo
@@bill_the_butcher good luck with that in the era of gig economy, freelancing, part-time jobs and contractors.
@@bill_the_butcher many jobs are paid based on productivity, or they pay an hourly rate but you will be laid off or have your hours reduced in slow times. Even salary jobs can be pretty unstable as companies staff up for big projects and then cut staff when the project is finished. Stable, predictable income is very hard to get in this day and age; congrats to you if you’ve achieved it but it’s out of reach for most people.
At least congrats to you if you were born after 1980, if not than you’re kind of proving my point.
Same, I never buy subscriptions because it would just keep adding up every month. I’d purchase but there’s mostly no purchase option.
Wish you talked about things like Phillips Signify and Bosch Blue Movement. Subscription services for lightning and home appliances, actually priced pretty competitively to paying upfront for the hardware and being on the hook for repairs and replacements
Then odds are lots of people don't need repairs or whatever. They wouldn't do it if it wasn't profitable
@@TheMysteryDriver same could be said about insurance “they wouldnt do it if it wasn’t profitable”. But getting rid of home/car insurance would be dumb
@@demanhemzelf4431 To be fair, you legally have to buy some types of insurance (not that I'm against insurance).
@@demanhemzelf4431 you already get uninsured and underinsured motorist coverage because people don't have. No real difference than mandating it to get a plate/registration. Just make it part of the state costs.
Homeowners insurance is all about denying people. And you only need it if you have a mortgage (assuming the mortgage backer requires it).
@@electrogeek77 for some things, yes. But for a lot of things (health insurance in the USA, or other insurance) it’s not mandatory. Yet ppl still buy it
It's kind of ridiculous to me how digital scanning services, professional ones at least, cost so much. My dad is a lawyer and having his cases digital helps a ton. he pays for online resources that allow him to store and enter this data, but the most popular ones in his industry are broken and glitchy as hell. they cause so much stress and are so expensive.
I have 1 monthly subscription (Personal) and 1 yearly subscription (Work). But it is becoming increasingly more difficult I have noticed to keep paying an upfront lifetime fee for some things. I don't class a monthly phone goody bag or general bills like electric, internet and other essentials as a subscription, just niceties like: Spotify, Netflix etc...
Yep. It's much easier to find the sub price instead of a lifetime license nowadays.
Jesus loves you all and is coming back soon!
Believe in His death and resurrection and repent of your sins and be saved!
Remember that He died and rose up again for you to be in heaven with Him!
Have an amazing day ❤️❤😊❤❤😊
@@ChaoticNeutralMatt And much cheaper
@@Gg-ij7li Wrong Comments section.
@@spaghettiisyummy.3623don't feed trolls
Smart of you to start off the video with John Doyle after the big oof off the Blackrock video where you somehow forgot to mention ESG.
I work for a software company that uses a happy medium approach. Upfront purchase with a two week free trial. Then, an incremental payment for maintenance, which includes free updates and access to tech support.
That way, old versions can still be used by cutomers, but the company has a consistent stream of revenue.
I guess,this is definition of "You own nothing,you will be happy". These words truer than ever.
Even though Adobe gets the most flak for their subscription plan, they're the only software where it actually makes sense. It would take 10 years for the price of their full suite subscription to catch up to what it used to cost to buy. No one who thinks $10/month is too expensive for Photoshop would be lining up to buy a perpetual license for $700 if the option was still available.
Every other software company though is atrocious. I shopped for accounting software recently only to find out that no company sells it in a buy once option anymore. Apparently Quickbooks used to be like $350 and that would last three years or so. Now the cheapest subscription price is $25/month, and adding even the most basic features onto it can more than double the price.
...but isnt Photoshop $40 a month? That would mean that within a year you would have already paid for Photoshop itself.
@@Ammut6 The Photoshop + Lightroom + 1TB of cloud storage bundle is $20/month. If you're a student, $20/month will get you *every* Adobe program.
I'm curious, how well does this survive recessions. Really wonder what works longer term as a subscription system
I'm less wondering about these services surviving recessions, and more wondering about these services surviving changing politics. A lot of these subscriptions really exist because of monopolies, especially the software ones.
It not always a bad thing. I (and my family) spent hundreds if not thousands of dollars on music as a kid for a limited catalogue. I pay a monthly fee for the entire family, have an essentially limitless catalogue, and don't need to spend money on my teenagers while letting them explore their favorite music.
Until you're in a situation where you can't afford that subscription anymore, and you lose your music collection. It seems foolish not to purchase your absolute favorites as backups (and to supplement the paltry royalties streaming gives artists).
Subscriptions don't make sense in every single thing; music, movies and videogames are good enough. (None of these things are neccessary for living)
Cars, MS Office, Pantone Colors, Groceries, Shaving equipment, Coliving and even software for some big enterprices or industries make absolute zero sense.
@@TheXxdaknessxX I agree.
And what happens when your streaming provider's servers have an outage or the company goes belly up? That's right, you wish for the 'limited catalogue' as that is still infinitely better than no catalogue at all.
@@zwerko Yes, Apple, Spotify, Tidal, and whatever else is out there will go belly up any day now.
Nice explanation! Software subscriptions should make perfect sense for customers when the services they are paying for cost the company ongoing costs. Things such as cloud storage, computation infrastructure and licensing are not free and factoring them into a one time payment for all the different types of customers is next to impossible.
One model I've thought of is selling the single-player for a video game as a single, upfront purchase price, but then using cloud computing to support a mega-multiplayer that the player pays for and could support awesome processing speeds and huge games. The benefit of this model is I'm getting recurring revenue from my players, but also providing them with a real recurring service in return, which is the ability to support much bigger, greater, more reliable and more awesome multiplayer games than their computer could locally host. I would also offer free substitution in to on-going games (if a player steps off, another player could take over their position) for those who just want to try out the service before they commit to buying a game.
You would also be allowed to modify the game, but only under the precondition that you sell your mod in the games marketplace. Regardless of what price you charge, we collect $5 from each download, so there's a financial incentive to produce mods that are of great value. We won't prohibit "Christmas mods", "Barney mods" or the like, a little cheekiness can be fun and adds to the community, but the financial incentive will be to produce something that a player would spend $50 on, because then we only collect 10% of the price instead of 50% of a $10 download. This also helps players find what they're looking for, since the monetary incentive is to produce one mod that is really, really good instead of 100 so-so mods.
I Love the bromance How Money Works share with Patrick Boyle! Two super high quality finance channels with real finance background to back it up!
In a way I wish that all car manufacturers sell you the car for cheap with everything locked behind subscriptions, because then you can pay a third party a much smaller sum of money to unlock everything for you 😆
I'm assuming you've never heard of the digital millennium copyright act.
Or just hack it yourself
There'll be an underground market for hacking through all that.
Demand drives business.
I know exactly how much I pay for subscriptions each month.
$3.33 for PlayStation Plus (and make judicious use of the free games) and that's it!
That's $3.33 more than me! I hate the subscription model and won't have any.
Subscription based products mean that when you stop paying, you're left with nothing to show for.
Since I have a variable income, I can't just assume I'm able able to pay recurring bills all year long, year after year.
For example when it comes to music: I'd rather buy a 4k turntable and 50 bucks/record in times of financial success and not spending anything in times of financial misfortune.
Remember the words: "You will own nothing but you will be happy."
Ownership and property is the key to freedom. Don't let them take it away from you.
Good video. This is an ongoing problem that people seemed to have overlooked but I don’t think I totally agree with the adobe subscription model.
Not every person wants the new features added to the software. Some people are fine with a basic model.
I think as a whole these subscriptions are designed to make market research, reliance and consumer spending easier. They don’t provide any advantage to the consumer in the long run.
I would like to have the option, though.
If I only want one version and stay with it for years, it's not possible.
For me, that only confirms that they don't care about their customers.
If ya ask me, subscriptions sucks for the consumer as a business model. Subscription sell you on the convenience of making the one time decision to subscribe to this service to take care of that area of ur life e.g. groceries, but over time u just end up losing more and more control over the product you are paying for and subscription companies charge more and more ridiculous premiums as a "service". Yes when u own things they require maintenance, but if the company is primarily making money from "Maintainence" then they have no incentive to make the product any good. Infact it encourages them to.make the.product shit, but spend lots.of money maintaining or convincing others to buy in and keep their monopoly so you can't opt out. Coming from someone who manages corporate IT equipment which has been on this kind of pseudo subscription model where u expect things to break every few years and need constant upgrades. There's a reason why Adobe Acrobat is so shit but we are all stuck with it.
"Planned/Deliberate Obsolescence" go hand in hand with this whole subscription economy.
Why lightbulbs you see on the market only lasts 500 hours?? To make you BUY more and more - essentially turning that lightbulb into a subscription service. They can make lightbulbs that last for millennia... _if they want to._
Greed is killing America’s economy. There’s greed with companies charging these subscriptions, especially where it’s unnecessary while the customer owns nothing and leases everything, and there’s greed with the customer wanting access to it all.
What the hell are people subscribed to that it adds up to $300 a month on AVERAGE? I thought I had a lot of subscriptions but even counting my patreon contributions I'm on
At one point I had netflix (wife) disney+ (kids) and amazon prime all together, kept just amazon because of the multiple benefits it offers, im gonna switch between netflix ans disney from time to time but never commit to a one year subscription no more
I knew from the start what these companies were trying to do and I never had a "subscription" with any of them.
I like to own my media. I hate when someone rations me what and when I can access. It's dystopian, limits my freedom and makes me almost feel like a slave.
I told my friends that this "subscription" thing will turn into a nightmare but no one listened to me. People told me that I overexagerrate and that these companies would never turn on their customers (sigh).
I guess, I need to look for smarter friends...
You could have just said "Because they maximize customer exploitation / customer expense" and saved a lot of time. It's the same reason physical shops offered layaway or installment plans - you can get more money from more people if you put a smaller price tag on things up front and gouge people on the back end.
It's expensive to be poor
“You will own nothing and be happy.” - Klaus Schwab
My subscriptions are called internet bill and phone bill and monthly house rent.
To watch movies and music there is the internet for free.
If it’s for something you don’t physically have, like streaming service, I think subscriptions are completely fine.
Sure if someone is irresponsible and forget about it they’ll lose money that they might need but then again at least they can’t impulsively (or drunkingly) spend $2000 or whatever on something that they then realise they didn’t actually want so that kinda balances out.
Also, the car example isn’t a huge deal because that is only for luxury cars with lots of extra and those are for people who want to waste money on big expensive cars already, so it’s fine if they’re going to waste it on unnecessary subscriptions instead.
Also I’m surprised you didn’t mention rent which is basically a subscription to a house.
Conditioning every people to believe that subs are the way to go is so easy for companies because in terms of marketing, if you can showcase and deliver convience to the population it is so much easier to get into their pockets. Most people are not willing to pay hundreds or thousands up front but the 'pay you back' or 'iou' model is what these big corporations are betting on and it is working. Anything that makes everyday life more convient for the average Joe or Jane is what marketing is looking for.
I do have an Everyplate subscription but I would (and still do) spend money weekly on food anyways and it's a consumable. Everyplate just gives me a variety of dinner options because I'm the type to get stuck in a rut. Other than that it's just necessary subscriptions in the modern world like phone and internet, even then I own my phone and router flat out and just pay for the service.
Otherwise I still very much refuse to pay subscriptions. I do not pay for the online service for any game system I just play online on Steam and use my Switch and PS4 purely without. I don't have Netflix or any other video streaming service. Still buy Blu-Rays occasionally but honestly rarely watch shows or movies. Still buy CD's and rip them myself, and occasionally use Bandcamp for smaller creators and download it.
I don't care if I get labeled as old fashioned or anything of the sort. I own all my stuff. I got enough monthly bills just by existing as an adult in the US don't need to add more constant drains to it.
Yeah, I realized a while back that I was basically enslaved with tons of different chains billing me every month so I stripped it back, no amazon, no gaming subscriptions, no headspace, etc, etc. Spotify I'll take the hit.
The shift to subscriptions is why I stopped using Microsoft Office at home. I now use Apache OpenOffice for all my needs. If I need some kind of heavy computation, I program it in R or Python - runs faster anyways and I get way more "cool new features" every month from the worlds mathematics & engineering colleges continually releasing packages through CRAN than Microsoft would release in a decade.
Remember when you pay something, you own that thing?
a fair subscriptions deal is when you pay monthly or yearly to get a "variety" or "multiple" of products and services..
such as games, movies, music, software updates, privileges service, etc..
but paying for a subscription just to enable you turn on or off something.. is just idiotic..
I predict this will happen to cars eventually. When self driving cars become prominent, the dealers will be reluctant to sell them to you, you won't need a driveway or parking spot. The pricing model will make it advantageous to take the subscription instead of owning the vehicle. You will likely subscribe to a dealer such as BMW to dispatch a particular car (instead of only the seats). You won't get the same exact car each time, however you will get the same make and model that is within your package. Vehicles will be dispatched based on your subscription tier. You can use the vehicle for as long as you need it, multiple-stop trips, long distances and the like that are not easily priced into Taxi type services.
You wake up for work and your car will show up automatically and take you to work, go buy groceries etc. You could subscribe to multiple vehicle providers depending on your needs. So you could have the advantage of owning a truck and a car without having to find place to park them etc.
"This is what customers want." Actually means "This what customers are forced into as we have manipulated the economy".
Subscriptions work when the economy is good, but when the economy declines and people have budget issues, subscriptions are an obvious area to cut. The only subscriptions which work are ones which require on going updates, such as virus protection software. But for operating system software it makes no sense.
As for streamers against DVD’s, a streaming service is useful to identify a good movie or show, but once you have found a good movie or tv-show, its best to purchase the media. That way if you cut the streamer, you still have a library of high quality entertainment. Regardless, you can still access a free streaming service which is based on advertising, as a low cost alternative.
So you want to use the seat heater that is already installed into your car? No problem, with a monthly payment of $59.99 you can feel the comfort of driving while your seat is at the perfect temperature at every moment (don't worry, we already know what temperature that is). And there is more. If you want to feel the adrenaline of driving at max speed, you can unlock the maximum potential of your vehicle's engine for only $99.99 a month.
Love the shout out to Patrick Boyle! One of my favorite channels as well.
I am an entrepreneur, chuckling a bit at this comment section. Everyone saying “oh i would rather buy things outright, no subscriptions.” Would you? Would you really? I agree that this has gone too far, ie BMW offering heated seat subscriptions. That’s obviously ridiculous. But when it comes to software and online services, it truly is WAY more profitable to offer a subscription. You say you’d pay outright for a program, and yet so few actually do. Then we - the business owners - get locked into price battles with competitors and everyone loses. Absolutely no subscriptions for things like vehicles or features in vehicles, but for those of us that produce digital assets, subscriptions are the best way we can stay afloat and be profitable.
The only subscription service I would like to see more of is for cars. Get that cheap (subscription only, not paying per hour, mileage only) and that will feel like freedom to me
I think there is a boom in subscription services because it is relatively new, the economy tries it out on basically everything, with time they will learn, what works and what not, consumers will get more and more skeptical and turn away (see the most popular comment "The only service needed is piratebay"), this business-model will run through a number of years of correction, where the subscription services, that don't work, go out of business while the succesful ones stay around. And within the succesful ones we will most probably see a number of mergers.
And at some point in the future the market normalizes.
I dont pay monthly for shit that I can get for free legally. Speaking of libraries you can rent movies for free. You want a book you can get one for free there too. If you live in the EU you get a ton of legal free streaming services.
The one I hate the most is software subscriptions. I would much rather the upfront cost
TV used to be a one-time fee, the cost of the set. Now it's a bunch of subscriptions, but the only one I use for TV is a vpn service.
I recently replaced my cable internet modem. I called my cable provider to activate it, and had to turn down about 5 sales offers for subscriptions in the process. One of them was to rent a modem for $15 a month. I bought my modem for $200. Cable modem lasts for about 5 years. You do the math. Ok, I know math is hard, so I saved $700.
Bro you’ve inspired me to get into financing and accounting keep up the vids❤
I'm extremely cautious of subscriptions just due to general fear. I dont have amazon prime, I don't subscribe to any streaming services, and I only use free versions of spotify. It does kind of unnerve me the lackadaisical nature of these services and it seems like it has a haunting ending to me. Idk.
I as a consumer hate this trend with every fiber of my being. I just see it as another manifestation of human greed. Adobe, and for that matter, any software company that switches entirely to subscription will not see a dime from me.
People should learn how software is developed and deployed. Its iterative. It gains function with each release cycle
Adobe, the software I have to pay for every month until I die for my job, being featured on the screen when "nonessential service" is said. LMAO
As an Investor I Love the Idea, as an individual I try to avoid It as much as I can.
Plenty of ways to get those services for free.
Agreed, hard to take you serious with a pikachu pic though LMAO
I only have 4 subscriptions for services. Doordash has a glitch where you can renew their subscription for 3 months for a penny. I only paid 4 cents for theirs, Netflix pay only $2. Paramount +, I get for free. The only one I do pay for is UA-cam Premium.
I'd pay $2,000 for a lifetime Netflix subscription in a heartbeat. Paying a small amount (that continually goes up) for infinity is a sucker bet
"You will own nothing and you will be happy"- Klaus Schwab. he said it in public and openly and even explained why, when, how repeatably and for years now etc. This is no secret or conspiracy by definition.
If you are trying to keep the eye of Sauron of you by trying to create degrees of separation well congratulations you have managed to achieve the opposite. Pro Tip: Just say nothing at all and keep to the subject at hand.
That way as an audience member I don't have contemplate how you are dehumanising me and ignoring my individual agency by insulting my intelligence and acting like I am somebody not worthy of consideration because I am a through and through empiricist that operates in reality and you don't flag up on anybody's radar that actually matters for wrong think. Everybody wins.
You do great work, Don't taint it with this nonsense. Cause yes it's triggering as the youngers would say.
To get the most out of Netflix, find a screen recording program and leave Netflix on autoplay for the night, on your computer.
There ya go, now you "own" some movies on your hard drive "forever".
1. Hulu is the first online video subscription service and the pioneer in bringing commercial videos through the internet without needing to use physical media and without the viewer needing to worry about licensing issues (though this resulted in videos being restricted by country). Back then Netflix was delivering dvds as their only subscription.
2. Delivering commercial videos (movies and tv shows and similar things) through a subscription service combats piracy by providing something similar to what the net pirates offer and even better. The cost is reasonable given that old tech cable tv bills used to reach over $150/month. Now it is internet connection bill + subscriptions but still similar $/month.
3. Music is commercial audio files and subscription services like spotify offer a huge library for only a monthly cost to those who hear it.
4. Commercial video games are in the "same boat" as the "movies and music" where the subscription service gives you temporary access to a huge library of games with service like the xbox games pass or playstation. They also charge for online play. Nintendo has its own subscriptions for online services, retro games, and pokemon service for trading pokemon between the newer games.
5. Software such as from Microsoft and Adobe is an area where one can save money on subscriptions but need a lot of research to find out which of the available applications work for you. The best are the open source applications that not only are free to download and use, but also offer their programming code to you if you find yourself to be a good coder and be able to add your own features to it. You can to some extent edit pdf files with Libre Office which is the open source replacement for microsoft office. Then Gimp instead of adobe photoshop and there is a list of applications to use of any kind that replace the other adobe applications in the entire creative suite.
One Japanese youtuber said in his vdo when he rent a car. " Japan is the large car production country but most of the Japanese take rental cars." 2:18
This what the WEF meant when they said: you will own nothing and you will be happy
I have 0 subscription services, jokes on you guys im saving so much money.
Happy Tree Friends. Now that’s a throwback.
I'm completely against subscription of anything if i can't buy or own what i want and enjoy then i don't want it at all i own a nice apartment unit and own a nice mk3 focus 5 speed and i will continue to own everything i've worked for and won't allow anyone or anything to take my stuff that i personally own especially my car.
Wven movie theatres are honing in on this phenomena pf the residual income for them. A single ticket in my area is 14.80… they offer an unlimited viewing anywhere anytime for 18 a month. The box office is just for show and now replacing it are kiosks and the food stand workers. All the theatres in a 100 mi radius have a last showing at around 10pm🤯. WTF HAPPENED TO THE WORLD AFTER COVID?!?
This is why I still buy dvds and paper books.
I have an Oura ring. Through their model, I have to pay a monthly subscription to see my own health data.
"You vill own nossing, und you vill be heppy." - *Klaus Schwab, WEF's chairman*
Satan Klaus
Great video as always, it's a fear for a lot of people I think. At some point regulations will catch up... well eventually.....
I would say regulations are a driving factor in this. i.e. regulation is dramatically easier when everything is a subscription.
@Matthew Bowen that makes sense. One can only hope for a change somewhere else then I guess.
Yaaaar that’s why I started sailing the high seas about 2-3 years ago.
About the intro:
I wish I could buy my games and movies instead of subscribing. Because, in the end, I'm not the actual owner of it and its local contents.
A game company can simply "fix the content for modern audiences" and remove stuff that actually made the game enjoyable, and remove (and/or censor) old movies for "inclusivity" reasons
While people are doing the "griddy", those people are doing the "greedy"
Just wait till those companies discover concepts like share cropping and company stores… tho those ideas may already be in play.
I have 5 paid subscription services totalling under $50 per month... and that includes two magazine subscriptions.
How money works used a clip from John Doyle? Let’s go!
Based
First comment 🎉
My question is - if it isnt possible to hack into your car and enable heated seats. Feels like it would be easy doable. So company would lose money and mechanic-hackers job would flourish
Sering the sponsor in the middle of this video felt like an episode of black mirror
Paying for heated seats? During summer months? BMW is already charging you for the heated seats when you purchased the car! What auto manufacturer is going to give away free hardware options, physically installed on every vehicle mind you, & hope to make up the cost by leasing the software? If you're paying for heated seats then you're paying for the option twice cause the seats don't suddenly have heaters just because you paid a fee but they do suddenly work after paying the fee. And this is to save BMW money?
It also never hurts having the ability to reach directly onto your customers bank account whenever payment is due & just pay yourself instead of waiting on the customer to submit payment.
John Doyle on How Money Works?!?!
Incredibly based
Because people will suck up everything you throw at them, that's why. Until the easy money ends, which is already happening. I only have a subscription to my fiber connection + mobile phone and the former only since a couple months ago. Before I used to connect to the internet via tethering with my phone.
"you will own NOTHING and you will be HAPPY about it"
Even freelancers charge a "Retainer fee" which is like a subscription as well.
I can see the "Jailbreak your car!" videos coming soon 😂
I considered buying oura ring… After reading about it there is no way that I am going to buy it - it’s useless without subscription app…
housing subscriptions are a thing, they're called rent, and yes, you can get kicked out for not paying rent
not how it works. each individual product is its own separate subscription service it's not just one platform with a bunch of different free products bundled together with it's subscription, it's outright anti consumer, you don't even get an option to use the product without being charged a monthly fee for its continued existence. when you stop paying they brick it. it's like some kind of protection racket.
Uh. I have only two subscriptions
1). UA-cam premium. I really use it.
2). Office 365. Also use it. 1TB one drive, and OneNote's sync.
Ocassionaly I take Kindle Unlimited, Audible, and Amazon Prime.
I would not ever buy subs for options in a car until there is no options.
"You'll own nothing and be happy"
- World Economic Forum
The fact that Microsoft makes you pay for 365 (formerly Office) and it locks you out of apps like word and powerpoint shows how greedy Microsoft has become.
I used to be able to buy a completed, functional game for $60ish, and play it as much as I want. Now I STILL have to pay the $60ish for a buggy game, AND I can't play it unless I give Microsoft $15/mo. This is NOT cheaper.
As for Photoshop, regardless of it's cost, GIMP does just about all of the same things for FREE. When I was a professional photographer, I laughed at people buying PS, particularly once they went with subscriptions. My new computer required a subscription to use Word, so now I just use WordPad for free.
The digital era is enslaving us like never before.