The advantage of "publish or perish" is that it is based on something concrete. The system is gamed, for sure, and even more so with AI, but still, a paper which is cited a lot tend to be useful and the authors get rewarded.
Remove that metric, and for the lack of a better idea, it will just turn into a game of who has the best connections or who talks the most convincingly, I mean, even more than it is now.