6 years ago
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Universities spend millions on accessing results of publicly funded research
Universities in New Zealand spent close to US$15 million on subscriptions to just four publishers in 2016, data that was only released following a request to the Ombudsman.
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https://theconversation.com
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Being a scientific publisher is the best business in the world. People send you their research results in the form of a ready-to-publish paper, for free. Then they review the papers for you, for free. Then they make the required changes for free, and review the proofs for free. Then you publish them, and charge people a ton of money to read them.
Ever wonder why there's so many journals? It's basically free money.