817 karma · joined August 7, 2020
This part of the history, only mentioned in this one sentence, is the most interesting and relevant for other countries, and is really what sets Singapore apart from other countries in the region.
In the end the details do not really matter, it is still absurd that a high percentage of the money paid in whatever way is just profit for company investors, for a system in which 80% of the skilled work is done for fee by the scientists.
I'm not sure if APCs will reduce the paper flood. Especially if the APCs are near the real cost of publishing, having a published paper will always be worth more to the authors. This is how we get all the junk journals that publish anything as long as you pay after all.