The serials crisis (1990s-2000s)
University library budgets could not keep pace with journal subscription prices, which rose several times faster than inflation over two decades. Libraries cancelled thousands of subscriptions, and researchers at poorer institutions lost access to major journals.
Universities and library consortia pushed back with coordinated licensing negotiations and cancellation campaigns.
The crisis helped launch the open access movement and alternative publishing models, including diamond journals that charge nobody.
Today's shift from free diamond publishing to author fees recreates the same affordability problem, this time on the author side of the market instead of the reader side.
