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> Academic journals don't result in any value creation for society

Journals do provide some value. Editing, printing, and herding academics through the camera-ready process all require non-trivial effort.

I would have absolutely no problem with a handful of universities/non-profits/even for-profits devoting some staff to the curation/archival process. And also no problem with those organizations charging others modest fees to fund that work.

The problem with journals is that they capture a lot more value than they provide, that value is not distributed back to the people doing the actual work, and the prestige signal/branding provides a strong moat.

I REALLY think this is an important point. If we continue to behave like all of this stuff is trivial and obvious to replicate, then we'll be forever stuck with predatory journals like Nature.



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