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Science Journals Are Laughing All the Way To the Bank, Locking the Results of Publicly Funded Research Behind Exorbitant Paywalls. This Must Be Stopped. (newscientist.com)

Here is a trivia question for you: what is the most profitable business in the world? You might think oil, or maybe banking. You would be wrong. The answer is academic publishing. Its profit margins are vast, reportedly in the region of 40 per cent. New Scientist: The reason it is so lucrative is because most of the costs of its content is picked up by taxpayers. Publicly funded researchers do the work, write it up and judge its merits. And yet the resulting intellectual property ends up in the hands of the publishers. To rub salt into the wound they then sell it via exorbitant subscriptions and paywalls, often paid for by taxpayers too.

The academic publishing business model is indefensible. Practically everybody -- even the companies that profit from it -- acknowledges that it has to change. And yet the status quo has proven extremely resilient. The latest attempt to break the mould is called Plan S, created by umbrella group cOAlition S. It demands that all publicly funded research be made freely available. When Plan S was unveiled in September, its backers expected support to snowball. But only a minority of Europe's 43 research funding bodies have signed up, and hoped-for participation from the US has failed to materialise. Meanwhile, a grass-roots campaign against it is gathering momentum. Plan S deserves a chance.

2 of 140 comments (clear)

  1. Not my experience by Ubi_NL · · Score: 4, Informative

    As a computational biologists in europe, i see a notable change in granting bodies that require open access publications. We have to put this in writing when we apply for grants. This happens on both national and EU level, so my experience is quite different than tfa.

    --

    If an experiment works, something has gone wrong.
  2. Re: Good thing by Anonymous Coward · · Score: 4, Informative

    You're wrong. The post you're replying to is mostly correct.

    As an author, I have to pay for page charges when a manuscript I submitted gets accepted for publication. Saying the publishers get the content for free isn't quite an accurate picture because the author has to actually pay the publisher.

    The content is potentially being locked away, because authors generally have to sign over their copyrights in the process. In the journals I've published in, authors retain limited rights, such as being allowed to use figures in funding proposals. However, there are significant restrictions, so the content is, in effect, being locked away.