And if they are valuable contributors they will find new opportunities.

Again, paying people based on past contributions is not healthy for anyone. Take sports teams for illustration. It would be like a sports team continuing to pay athletes long after their prime and into older ages regardless of value. This means these athletes no longer find new ventures (coaching, scouting, business avenues) and the team sputters taking the whole organization down.

Yes, my view point is also the most reasonable.

So in your hypothetical, the best choice is for the CEO to continue paying 10,000 people for doing work that is apparently no longer necessary, basically as charity?

The really annoying part is YouTube gets all their content for free, while every other subscription video service pays for content.

I’m a bit libertarian leaning myself, but I do believe capitalism requires moral constraints on external, societal costs that are not included in market forces (e.g. environmental pollution).

In short, capitalism’s greatest benefit it is also it’s greatest issue: it delivers most efficiently exactly what people want, but without any evaluation whether those wants are beneficial.

The lemming Wikipedia entry states lemmings seek out new habitats whenever population density gets too large. Kinda fitting to the reddit migration. Also loosely related to federations in terms of multiple habitats.

I like it because it’s like communal but with a limit, so not herd mentally.