Earlier quoted context omitted.
How about you go figure out this new economic model, and come back when it's ready. Until then, the existing model will persist, thank you
Oh boy, do I have good news for you! There are already many writers making thousands of dollars a month by publishing free serialized web novels, via Patreon. Some are using their own websites, but most are on Royal Road (or scribblehub, webnovel, wattpad, AO3). A random example from Royal Road[1], the author makes $12065/month. Mind you, the text is not gated, it's free to read, the patreon only offers early access.…
The "patronage" model is great (and I personally am a Patreon supporter of lots of creatives). But it also has a lot of flaws in it, both for the author and the public. Most authors will be happy to tell you both the good and bad of the model, in my experience.
The biggest flaw for the public, btw, is that this model only supports art that "rich people" find worth supporting. This is bad, both because sometimes art isn't "deemed worthy" immediately, and because art for non-"rich" people is also very valuable.