No criticism of the arXiv intended - this is a consequence of a systemic factor: the lack of good growth models that enable great services to grow and change and improve.
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You see this pattern repeated over and over for a tonne of new tools. Great new tool, no growth model. And so they stagnate and languish.
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One response is to say "Oh, the NSF [or whoever] should give a lot more funding."
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I'm sympathetic, but only as a stopgap. It's not a good long-run solution. If centralized authorities are providing money, you end with the arXiv (or whoever) as a de facto incumbent, being funded by decisions made by a small group of ppl. This is a recipe for stagnation, at best
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What you really want is to encourage the arXiv to grow & innovate, _and_ also to fund potential competitors who aim to do even better than the arXiv. And, if things are healthy, they will replace the arXiv.
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So, to come back to where we started: are for-profits bad? Should we aim for a not-for-profit future in scientific publishing?
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I hope it's clear these questions miss the point. Better questions are: what's the growth model for innovation? Is the market set up to enable the flourishing of many good new ideas that will benefit humanity? At the moment, it's not doing a great job, in my opinion.
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Instead, incumbent organizations maximize revenue in ways that do serve some social job (journals are good things), but far less than could be done, and often with a lot of negative behaviours. This is true both of for-profits like Elsevier, & of many not-for-profit publishers
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Go take a look at the American Chemical Society, a not-for-profit publisher with billions in revenue. Historically they've been far more hostile to ideas like open access and open data than Elsevier & the other large for-profit publishers. https://en.wikipedia.org/wiki/American_Chemical_Society#Controversies …
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Replying to @michael_nielsen
Your tweet about ACS is absolutely correct, but it's worth noting that the last few years have seen massive changes to OA policy at ACS, e.g.
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Yeah, I used "historically" for a reason. They seem to be becoming the Microsoft of open science (historically hostile, now in some ways genuine supporters). Though MS is still a few years ahead of them. ACS's exec compensation is also interesting.
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I mean from the POV of people who are saying "For-profits are evil, selfish [etc]". The ACS is, as I'm sure you know, far more successful at profit-generation than the huge majority of for-profits. Just a slightly different cost structure.
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