Earlier quoted context omitted.
Yes and a lot of very talented people would not be able to focus on doing what they currently do full time (and love to do) as they'll have to worry about making money. OR As a content consumer, you'll have to pay for the content directly which is currently available for free. Yes, I know everyone hates ads and I'll probably get downvoted here too but - You should punish publishers who serve malware, popups, JS & oth…
The web was great back when people wrote and published for the love. The web would undoubtedly survive a transition back to such a state.
Patreon is another good example of how to survive if there are a decent number of people who genuinely like what you do. See Cara Ellison and Zoe Quinn, for example. It won't make you rich, but that's very much the point.