The difference is, that Netflix (or Spotify, or whatever) does bring value on its own. I am paying money to comfortably and legally stream content, which itself is paid for and licensed by the streaming provider. From the perspective of a lazy end user, it’s worth it, because you do not need to care about downloading, finding releases, opsec and whatnot. I don’t want to protect Netflix, fuck corporations and subscription services, but password sharing was always only tolerated at most. From the same end user perspective, reddit is just an empty platform. The content is brought in free of charge by the community. And now not only they want the same community to pay, but also for an objectively worse experience? I don’t think that you can compare that.
Agree with you, but small nitpick, password sharing was encouraged at some point, at least from the PR side of the business.