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Earning profits is good for society. It demonstrates that the seller is providing a needed product. And it triggers others to innovate, to find ways to provide
by CWuestefeld 11y ago
Earning profits is good for society. It demonstrates that the seller is providing a needed product. And it triggers others to innovate, to find ways to provide that product too, and get in on the racket. This innovation then drives down costs.
And that's exactly what you see happening here. The linguists are saying that they'll be able to provide the product for a lesser price, but being nice and offering to let Elsevier continue to compete. If Elsevier refuses, and the linguists go ahead and start their own journal, then the free market has triumphed.
- kragen 11y agoProfits are neither good nor bad. Providing a needed product is good for society. Reducing the cost of the product is also good, because it allows us to produce more of it. Therefore, for the benefit of society, profits must be kept to the minimum necessary to incentivize production. And that's what happens in a free market: competition drives down profits. Any profits are a signal that the market is not very free, and large profits are a signal that the market is very nonfree. What's happening with #icanhazpdf is that researchers are innovating to find ways to provide the product (access to research papers) at a much lower cost than Elsevier provides it — free, in fact. However, Elsevier, rather than compete with them, seeks to enforce government-granted monopolies on providing this service, known as copyrights, in order to protect their profits, at the cost of providing benefits to society.