Good for the University of California for canceling its subscriptions to Elsevier. Science doesn’t need for-profit journals.
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An example of such a structural reason comes from Andrew Odlyzko: Nuclear Physics B overtook Phys Rev D by lowering author page charges (while jacking up prices). Result: authors sent their best papers their, but prices dramatically rose.
The issue: the people effectively making purchasing decisions (faculty) were price-sensitive... but to the wrong price! This is a problem with having money come out of the wrong budget (libraries, rather than the faculty who influence library decisions).
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There's a nice paper to be written on all the separate structural issues which prevent this market from being competitive and encouraging innovation, IMO. Banning for-profits will likely make it worse (also IMO). Anyways, rant over!
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There’s no reason to ban for-profits. But I foresee a future publication system where everyone submits to relatively open preprint servers, and non-profit open-access “journals” live on top of them and provide peer review. Innovation should be easy in such a world.
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