I might write a full paper on the topic, but for now, I just want to consider the idea. Journals do not pay researchers for their work. Instead, they get the work for free, and often charge for publication. These same journals turn around and sell the work of researchers, often for a profit. These same journals ask the research community, that provides them with free products to sell, to volunteer their time to do quality control.
If any other institution did what academic journals do, they would be considered inherently predatory, unethical, and likely in violation of numerous consumer protection laws. I am more interested in the first two issues than the final one.
What's the Solution?
I suppose the bigger issue is that, if all journals are predatory, how do we find a solution? Are sites like ResearchGate and frameworks like OSF the answer? Can we properly discuss research, without the need for "formal" peer review? Or can we at least make it so that researchers benefit from their own work? Our research is largely a public good. We cannot control its use and its derivation, nor should we, as it would stifle future work. But perhaps we can find a way to communicate our ideas, help expand our understanding of various topics, and yet also benefit from our own products.