Of course one has to examine why this system is still in place. And it's mostly to do with policies in universities, where certain journals/conferences are valued more, and changing that is hard, because e.g. Springer happens to own the name. So we all pay millions to Springer, for the use of this name (that we, together, made great, not Springer), and in return, they charge us the privilege of reading the papers that we reviewed, edited, and wrote. It's insane, but it can't be changed as long as universities refuse to change.
So the hard truth is, it's not Springer/IEEE/Nature/etc, it's ultimately, us.