Peer review is an important signal to potential citers. If everyone has to fully read and understand every paper in order to (responsibly) cite it, there's gonna be a lot less research. Given the exposure of how much bad research there is, maybe there does need to be a slowing and focus on quality, but I think we still need peer review, although it definitely need to be reformed somehow because it's clearly broken.

We need to take a serious look at the incentive structure in academia because it's not guaranteeing the scientific results that we expected it to. I don't think we should just abandon the system though.