It’s hard to go a day without running into an outraged protest at the cost of publishing in for-profit journals – or, more or less equivalently, an outraged protest at the profit margins of for-profit publishers. And it’s true that publishing in some journals is shockingly expensive (I’m looking at you, €9,750 Nature open-access) and it’s true that profit margins for some publishers are shockingly high (I’m looking at you, Elsevier, with £1.1 billion on £2.9 billion revenue in 2022, or 38% profit). Who, one might wonder, could intervene to make this stop?
Why, us, of course. We could. But we don’t. Continue reading