Scientific publishing
Academic journals face a radical shake-up
"... Criticism of journal publishers usually boils down to two things. One is that their processes take months, when the internet could allow them to take days. The other is that because each paper is like a mini-monopoly, which workers in the field have to read if they are to advance their own research, there is no incentive to keep the price down. The publishers thus have scientists—or, more accurately, their universities, which pay the subscriptions—in an armlock. That, combined with the fact that the raw material (manuscripts of papers) is free, leads to generous returns. In 2011 Elsevier, a large Dutch publisher, made a profit of £768m on revenues of £2.06 billion—a margin of 37%. Indeed, Elsevier’s profits are thought so egregious by many people that 12,000 researchers have signed up to a boycott of the company’s journals..."
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