As it is, tons of stuff keeps getting reinvented just because the state of the literature is so bad that you'll never find it, unless it was invented exactly in your sub-sub-specialty, or you serendipitously found it via a colleague who remarked that what you were doing sounded similar to something he once read.
The decline in scientists writing books also doesn't help. It used to be that prominent scientists would gather up their scattered papers and unify them into a magnum opus laying out their theories, or possibly a few different books, one on each major area they worked on. That sometimes happens, especially in areas like cosmology, but it's much less the norm than it was 100 years ago. Today it's quite common to just publish 200+ papers over your career and not really do any summarization of them, even though there is plenty that could often be done, since it's common for papers to supersede or overlap with previous ones.
Actually, on that front, it'd be a big win if scientists with lots of publications simply provided some sort of brief guide to them. Take the 50 papers on lasers, and provide an annotated bibliography explaining which papers are the important ones, which papers are obsolete or superseded, and which ones might be of particular interest to people working on particular topics. A few people do that, but many don't even separate their list of publications by topic, let alone provide a guide.
Or, shorter: There is a lot of stuff published, but it's terribly indexed and summarized, which I think is a bigger problem than the volume alone.
