That’s money better spent on shutting down libraries.
Why are we looking at revenue? We don’t know the operating costs. What are the profit margins?
Alright but look at how much they pay the authors. What other business pays ZERO dollars for their core product?
None, but science isn’t a business. Treating it so creates perverse incentives where an articles is reviewed by merit of its financial gain and not its content. Some people already do this by prestige alone, but adding money to the mix won’t improve this imo
So it’s acceptable for Elselvier et al to milk academics blind? At the minimum, authors should not be charged.
According to Wikipedia, in 2022 Elsevier’s revenue was 2.909 billion pounds and their net income was 2.021 billion pounds.
Not going to bother looking up the rest.
As much as I’m against parasitic practices, I wonder how the inevitable corruption of money would (further) skew research if academia was well paid for their papers.
And I wonder how, not having the pressure to “succeed” research (to gain further grants), would increase the quality of said research.
Just like the Olympics. The companies are vampire squids.
vampire squid makes them sound cute, they are literally the scum of the earth: They are leeching billions from what is normally a tax funded sector and on the side heavily polarising publishing and access to science in favor of rich countries.
I thought you were a Biologist and were going on an actual rant about actual vampire squids lol
Or, publish to PLOS ONE, the open-access science journal.
Another one, Frontiers:
As of April 2021, PLOS One charges a publication fee of $1,745 to publish an article.
I mean, seriously, I would like to publish to one of these, but who has the money to do that?
There are many other open-access journals, for example these: https://freejournals.org/. But yes, open-access is the way.
