From my just-published Commonplace piece on the mission-aligned funding exchange:

Any alternative to the prevailing scholarly communication system must be built atop a different funding model, one that excludes neither readers nor authors. In broad strokes, that model will center on direct support for publishing, drawn from funds currently allotted to subscription and APC spending. The same funders who finance the tolled-and-APC system—libraries but also foundations and government agencies—will, on this approach, redirect budgets to underwrite a diverse, community-led publishing ecosystem. Call it the collective funding model, predicated on open access for both readers and authors.

The main point of the article is to promote a new mechanism, which I call the mission-aligned funding exchange. The idea—barely piloted as yet—is to create matching platforms that connect fee-free OA publishers and infrastructure stewards with mission-aligned patrons in the library and foundation worlds. It is, as I write in the piece

a practical mechanism for connecting nonprofit funders with nonprofit publishers—a community-governed coordination tool for a system with many participants.