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Re:French Universities Cancel Subscriptions to Springer Jour... by FabHK on Monday April 02, 2018 @07:53PM (#16740575)
The problem is that most of the (substantial) work you highlight above is done by the academic community (mostly paid by the public purse), while most of the (substantial and above-market) profits go to the private publishers.
Re:French Universities Cancel Subscriptions to Springer Jour... by ISL on Monday April 02, 2018 @08:37PM (#16740854)
I described the job of the editor -- for the good for-profit journals, they are, to the best of my knowledge, paid:

e.g.: https://www.nature.com/nphys/about/editors https://www.nature.com/nature/about/editors