Until we are honest about the Spotify payment model, how can we ever possibly come to a consensus of what is fair and what is not? These comment sections are full of misinformation, and posters are very rarely held accountable for spreading that misinformation.
There absolutely is a conversation to be had here, but it is not the one that has taken place for years and years. To be fair to OP, the information wasn't quite as ubiquitous in 2011 as it is today.. but for the last 5 years at least Spotify has published yearly reports giving information to how the payment system works.
The model is a pro-rata model. There is no per-stream rate. The amount of money paid out each month is stream-share based from a shared pool of money which contains roughly 2/3 of every dollar spotify makes. These payments are paid to rights holders (not artists.. labels, distributors) and then rights holders pay a percentage of that to not just artists, but also publishers and song writers. The rate they pay their artists is their business, Spotify isn't dictating that. In fact, this payment model is industry standard (most major streamers pay the same 2/3) and heavily favors the rights holders, which have always dominated the cash flow of the music industry. They just have Spotify to take the heat now.
So, like I said, there is a conversation out there to be had. That conversation is more is 2/3 of music revenue fair? Should Spotify charge users per stream instead of a monthly subscription? Should the subscription be something more like $20/month? $50?
Just dunking on Spotify isn't helping artists. https://loudandclear.byspotify.com/
This is a good clarification but I think the core issue is that Spotify (and Apple Music and Amazon Music and probably others) have chosen a business model in which consumers can listen to basically everything and yet artists do not get paid. The rightsholders suffer too yet they are complicit.
This business model ALWAYS outcompetes any other, and can't be "fixed" imo, because no one will pay per-stream or pay $50 a month.