Path Dependence and Academic Publishing

Publishing in academia still bears the imprints of the book age.
Just as in the story of the QWERTY keyboard, a system of academic publishing prevailed that works, but is suboptimal. The established system of academic publishing, from submission, review, and publication is in the eye of the socio-technological opportunities outdated. It takes too much time, it is too expensive and leads to an artificial scarcity of content. It no longer reflects the zeitgeist.