That really isn't an argument worth taking seriously. Much of the web would be fine. Another chunk of it would have to shift more toward existing revenue sources. And some would have to develop new revenue sources.
The only thing that would be particularly at risk is stuff funded exclusively with display ads, but where users don't care enough about it to support it. Or, put differently, we'd lose sites that people don't like much, but that survive through manipulating people into buying things. Doesn't sound like much of a loss to me.
When the Tivo was new, it was argued that it would destroy television, because people could now skip ads. 20 years later, TV is doing better than ever as a medium. Why? Because a lot of us are now paying directly for the things we like. I think the same thing would happen with the web.
The only thing that would be particularly at risk is stuff funded exclusively with display ads, but where users don't care enough about it to support it. Or, put differently, we'd lose sites that people don't like much, but that survive through manipulating people into buying things. Doesn't sound like much of a loss to me.
When the Tivo was new, it was argued that it would destroy television, because people could now skip ads. 20 years later, TV is doing better than ever as a medium. Why? Because a lot of us are now paying directly for the things we like. I think the same thing would happen with the web.