The Guardian view on academic publishing: disastrous capitalism | Editorial | Opinion | The Guardian

"In California the state university system has been paying $11m (£8.3m) a year for access to Elsevier journals, but it has just announced that it won’t be renewing these subscriptions. In Britain and Europe the move towards open access publishing has been driven by funding bodies. In some ways it has been very successful. More than half of all British scientific research is now published under open access terms: either freely available from the moment of publication, or paywalled for a year or more so that the publishers can make a profit before being placed on general release.

Yet, somehow, the new system has not yet worked out any cheaper for the universities. Publishers have responded to the demand that they make their product free to readers by charging their writers fees to cover the costs of preparing an article. These range from around £500 to $5,000, and apparently the work gets more expensive the more that publishers do it. A report last year from Professor Adam Tickell pointed out that the costs both of subscriptions and of these “article preparation costs” has been steadily rising at a rate above inflation ever since the UK’s open access policy was adopted in 2012. In some ways the scientific publishing model resembles the economy of the social internet: labour is provided free in exchange for the hope of status, while huge profits are made by a few big firms who run the market places. In both cases, we need a rebalancing of power...."