So, that creates a world (not too dissimilar to our own, but notably so) where only the independently wealthy can ever afford to produce art full time. Can you see any downsides to that world?
'Stealing' from a company with 2B in profit (much from publicly funded research), LibGen is looking a lot like Robin Hood to Elsevier's Prince John.
Publishers offer support and printing, but ultimately an author needs a publisher to spread reach (i won't say "make money", because authors sure won't make much). Becsuse it's all about being loud and publishers have resources to be loud. Much better odds compared to a grassroots community paying a fair price when the author is ready to release.
It's not fair, but it makes sense. And sure the most well known art is not the best art. But a place like this should know the best tech is rarely the most popular product.