As a consequence, the scholars on your campus, their colleagues around the world, and their graduate students have access to less and less of the scholarly output each year. Smaller university and college libraries have experienced similar cuts. Anecdotal evidence suggests that the situation is far worse in other parts of the world. But what's happening behind the scenes is even more disturbing. Giant corporations put profits and the stockholders who demand them first.
Mergers cause prices to rise even higher as competition decreases.
In Point More importantly, scholars are losing control of the system that should exist solely to serve them, other researchers, and students throughout the world. Their research, supported by your institutions and by grants, is given to publishers who then sell it back to their library, sometimes at unjustifiable prices. Over the last 30 to 40 years, the production of scholarly information has boomed. Many enterprising commercial publishers have seen the profit potential in the system. They have gradually taken increasing control from scholarly societies and university presses.