Publishing scientific papers is estimated to be a $10billion industry with over 2 million papers published each year. Many of these involve peer review, often three reviewers who do not get paid.
Back in the day, authors submitted articles to society journals for free, they were peer reviewed and then published. Murdoch began buying up society journals and selling access rights to libraries for $millions. Next came huge fees for authors to publish ($1000-$10 000 per paper). Peer reviewers still work for free, often to tight timelines and, if time is charged, the cost of a days work - all in an effort to ensure that many published papers are scientifically sound.
Has the time come to say for commercial publications - "No payment - no review?"
The likelihood is that the cost would either be passed on to the author (remember these journal profits are staggeringly large, at about 40%), or peer review would simply stop or be attributed to AI, which is the same outcome.
Any thoughts?