Giant publishers are bleeding universities dry, with profit margins that rival Google’s. So we decided to start our own
Arash Abizadeh is a philosopher and the Angus professor of political science at McGill University, Canada
If you’ve ever read an academic article, the chances are that you were unwittingly paying tribute to a vast profit-generating machine that exploits the free labour of researchers and siphons off public funds.
The annual revenues of the “big five” commercial publishers – Elsevier, Wiley, Taylor & Francis, Springer Nature, and SAGE – are each in the billions, and some have staggering profit margins approaching 40%, surpassing even the likes of Google. Meanwhile, academics do almost all of the substantive work to produce these articles free of charge: we do the research, write the articles, vet them for quality and edit the journals.
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