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What does "a long-term cost" mean? Whose cost? Authors'?

 
 
Reply Fri 24 Feb, 2012 11:09 pm


Context:

Why this abandonment of the only real contributionpublishers still brought to the table? I can only guess. Probably it was sheer opportunism: with the Internet slashing printing and distribution costs,publishers were able to increase short-term profits yet further by cuttingeditorial costs—and to good effect, as all four major scientific publishers(Elsevier, Springer, Wiley, and Informa) routinely post profitsexceeding a third of all revenue. In the first quarter of 2011, Wiley’sprofit of $106 million on revenue of $253 million represented an astonishing42%.

But these profits come at a long-term cost. Authors have long known that that they’re being taken for a ride; now, what had beenlow-level grumbling has broken out into vocal anger. The Cost of Knowledge sitelists three specific grievances against Elsevier: high subscription prices,“bundling” of journal sales into all-or-nothing packages, and support for SOPA,PIPA and theResearch Works Act, three regressive, punitive measures to further lockdown copyrighted works. But while these were the immediate triggers, resentmentruns much deeper. Now there are no technical barriers to access, the only waypublishers can charge for it is by making barriers: paywalls. So we have a huge and tragicdisconnect: what publishers want—barriers—is the exact opposite of what authorswant—universal access. It’s authorsvs. publishers.
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Type: Question • Score: 2 • Views: 711 • Replies: 4
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View best answer, chosen by oristarA
JTT
 
  1  
Reply Sat 25 Feb, 2012 12:13 pm
@oristarA,
Quote:
But these profits come at a long-term cost.


A long term cost is one that doesn't show up quickly in a project/business/a life.

An example might be smoking in one's life/eating losts of foods high in saturated fat could produce a long term costs like cancer or heart disease.
oristarA
 
  1  
Reply Sat 25 Feb, 2012 10:48 pm
@JTT,
JTT wrote:

Quote:
But these profits come at a long-term cost.


A long term cost is one that doesn't show up quickly in a project/business/a life.

An example might be smoking in one's life/eating losts of foods high in saturated fat could produce a long term costs like cancer or heart disease.


Sounds like the cost is on the expense of authors?
hawkeye10
  Selected Answer
 
  2  
Reply Sat 25 Feb, 2012 10:54 pm
@oristarA,
This quote is talking about how a business model is taking profits at the expense of killing the business. These companies are trying to maximize short term benefits at the expense of their long term best interests. The profits that they are taking now come at a long term cost, because what they should have done was take this money and invested it into their business.
oristarA
 
  1  
Reply Sun 26 Feb, 2012 01:08 am
@hawkeye10,
Excellent!
Thank you and thank JTT as well.
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