Angela Chochran, in a new post on the Scholarly Kitchen:

Leaving behind the silly arguments about what is an acceptable profit margin or surplus, and who decides what kinds of activities one is allowed to do with those surpluses, I want to explore a bit about what I see as “publisher added value,” look at some numbers that are complicating the issues, and imagine a future world in which these services or activities cease to exist as we collectively race to the bottom in order to cut expenses.

Silly arguments? That 37 percent Elsevier profit margin is our congealed labor. The whole premise of the post—that “downward pressure on pricing” threatens scholarly communication—is absurd given the contrast between the whale-blubber of prices and the membrane of “value” added.