Apparently, Substack wants to destroy newspapers. And maybe that would be good — maybe it would be good for journalism to be democratized, for bloggers to inherit the earth. Of course we’re bloggers and not newspapers, so maybe we’re biased.
Obviously it would be great if someone came up with a set of blogging and newsletter tools that were just amazing, that were the clear front-runner, that outperformed every other platform. We’d love it if the technical problems were all solved and we just had a perfect set of blogging tools.
But if everyone ends up on the same platform, well, that’s kind of dangerous. If one company controls the whole news & blogging industry, they can blacklist whoever they want, and can squeeze users as much as they want.
Even if you think Substack has a good track record, there’s no way they can guarantee that they won’t squeeze their writers once they control the market. Even if you trust the current management, at some point they will all retire, or all die, or the company will be bought by wesqueezeusers.biz, and then you’re shit outta luck.