Ask HN: What added value do academic publishers provide?
For textbooks, etc., I can see that there is some cost involved in providing proof reading services, but the cost of academic textbooks is clearly far too high if this is the only service being provided; the existence of freelance proof readers and well established print-on-demand services leaves me at a loss as to why academic publishers still exist at all. But since they do, and universities/institutions haven't banded into a cartel to run their own publishing, it would seem that there must be some reason that the publishers are still in business; it is just down to the corruption that seems to be rife at the very top ranks of academia (publishers giving kickbacks to chancellors), or is there a valid reason for this?