The Imaginary Journal of Poetic Economics: Outsell Open Access Report: missing the main point or are governments really committed to throwing away taxpayer money?

"The Outsell Open Access Report is an interesting development in itself - industry looking at open access as a market rather than as a threat, and some of the information in the report is very useful. However, this report misses the mark in two very essential ways. The information in the report per se makes clear that with open access it is possible to publish at a small fraction of current publishing costs. Also, in an online environment, professional commercial publishers simply are not needed anymore. This report suggests that there is not yet a single fully open access journal in the social sciences and humanities, when DOAJ lists over 1,800 journals under social sciences and humanities. Current gold open access (immediate free access on publishing) is responsible for  10-12% of the world's scholarly articles at about 2.2% of the total journal revenues, according to this report. The average open access article processing fee is reported at $950, less than a quarter of the $4,000 average for subscription journals. Taking these two calculations together, based on this report open access publishing is 4-5 times more cost-efficient than subscription publishing. However, this is just the commercial / professional sector. The Outsell report appears to be completely unaware of the substantial not-for-profit sector. For example, the report states that 'hybrid options support limited uptake markets, such as the social sciences and humanities, perhaps just until the market for a subject-specific 'traditional' gold OA journal coalesces' p. 12 - presumably the authors are completely unaware of the well over 1,800 full open access journals listed in the Directory of Open Access Journals under Social Sciences. Outsell predicts rising prices for open access article processing fees, when the reality is that scholars no longer need to rely on the commercial scholarly publishing sector at all. Publishing in the online environment just isn't that hard, or expensive. Priorities for public funding in higher education should be funding the research per se, addressing the growing problem of lack of full-time faculty, and keeping costs down for students - not protecting the profit margins of a bloated industry that has yet to note that the costs of things like computer storage in recent years have been going down, not up. Outsell suggests that other countries will follow the UK's support for publisher profits approach. This is mad enough in the UK, where at least they have the excuse of protecting a positive balance in trade, but for every other country this is holding up innovation, increasing public costs, and shoring up a negative balance of trade ..."