The article says "Our aim is to ensure that lack of funds is never a barrier to publishing with us." As in they will provide funding if someone can't afford it. Isn't this a really good thing? What is the average budget for an research project that ends up with an article published in this journal? Clinical trials are in the millions, and research grants are often 6 figures. I know people see this as rent seeking, bu…
It doesn't cost $11k to read a paper, send a few emails and do some typesetting. People pay for this kind of thing because having a Nature paper on your resume makes it much easier to get a tenure-track job. It's just a prestige racket.