They clearly employ lots of bureaucrats, middle managers, and lawyers. They are constantly trying to make sketchy side deals with third parties, as T&F did. They employ copyeditors, who in theory (and sometimes in practice) improve papers but who very often are totally incompetent. They maintain large databases of something-or-other, presumably so they can sell out my data. They maintain complicated systems to submit and review papers, when it seems that email would suffice, presumably so they can track all this metadata they want to sell. Oh! And they lobby the government for their own selfish ends:
https://www.theguardian.com/science/political-science/2018/j...
Seriously. Imagine all of them up and vanished tomorrow. Would anybody miss them?
Discoverability, relatively stable hosting, and the most base-level vetting and credibility are problems that they address, even if they do so poorly and greedily. If they went away tomorrow, so would the databases of work they manage, the APIs libraries use to query them, their mechanisms to confirm that whoever said they published something actually published it... Publishers don't have to be the answer-- I think a lot of these problems could be resolved through field organizations, librarianship and university organizations, but what's the likelihood that of universities and field organizations will try to monetize it and essentially become publishers in all of the worst ways?
A fancy watch. A low production supercar you can’t buy unless you have 5 of the same marque already. All the same broken stupid pattern.
Probably not much. Arxiv works pretty well. Usenix is already open access. NSF-funded research already has to comply with their 12 month open access policy (zero months would be better though.)
I don't see many good reasons for journals to stick with non open access publishers.