Earlier quoted context omitted.
People wants to pay for content, but publishers are either not working on content worth paying for or don’t want you to purchase, they want you to rent instead.
Chicken and the egg there as far as "worth paying for" although I'd argue that's not really any different than "don't want to pay".
For a real world example, just look at the scientific journal system - researchers pay upwards of $5k to publish (after spending however many tens to hundreds of thousands on the science, out of their own pocket), readers can pay $50 per article or their institution can subscribe for tens of thousands of dollars (if they're lucky and have a good negotiator). Journals do nothing of value aside from hosting the PDFs (which absolutely does not cost $50/download) and facilitating anonymous peer review (which amounts to sending emails to a few academics who will review it for free, at no cost to the journal).
Even content that is worth paying for, like research, will quickly reach an equilibrium that maximizes profit while minimizing effort.