Can monies spent globally on journal subscriptions be completely transitioned to an OA business model to free the journals? | SciELO in Perspective

"Could we take all the funds spent globally on scientific journal subscriptions by academic libraries, research centers and others, and transition them, or re-purpose them to pay for publishing those same journals and articles in open access? This would achieve a dream of the Open Access movement, and for society as a whole. Access to all published knowledge resulting from scientific research would no longer be restricted, anywhere in the world, by any form of barrier such as a paywall! The public good would be upheld. With no additional investments. A recent and very interesting study1 by the Max Plank Digital Library, published as a White Paper on Open Access Policy, looks at precisely this scenario. It quantifies, for what appears to be the first time ever, if such a dream is possible and concludes that it is indeed! ..."