Journals are businesses. They compete. They have to find a system which authors will submit papers, reviewers will provide their time, and readers will pay money. All three are necessary. The current system is what has evolved to balance these.
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Journals are businesses. They compete. They have to find a system which authors will submit papers, reviewers will provide their time, and readers will pay money. All three are necessary. The current system is what has evolved to balance these.