Most of the major publishers, including Elsevier, Springer Nature, Wiley, Sage Publications and Taylor & Francis, have formed a cartel under the International Association of Scientific, Technical, and Medical Publishers. The Cartel controls two-thirds of global journal publications, enforces unpaid peer reviews, restricts manuscript submissions, and delays scientific progress—all to protect their multi-billion-dollar profits. This resulted in a recent class action lawsuit against the Cartel for “tremendous damage to science and the public interest.”
The Fall of the Academic Publishing Cartel
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
you over-rate money and profits. Money to these people is like air to you- free and easy. A more perfected and correct sentence would be:
The Cartel controls two-thirds of global journal publications, enforces unpaid peer reviews, restricts manuscript submissions, and rakes in multi-billion-dollar profits – to confuse so as to destroy or, at least, control especially young minds.
Skip, I agree that it is more than money and profits but money is the lubricant that makes it all work.