Why doesn't the government regulate APC charges?
I am not talking about this admin obviously (ignoring their recent NIH proposed change to $1-2k for covering APC charges which does nothing but favor wealthier labs who have non NIH funds). But in general, have there been any pushes to regulate APC charges? It seems like literally everyone on the planet agrees that APC charges (particularly OA charges) have become detrimental to science in every way possible and a lot of journals essentially have monopolies in their fields given them unprecedented pricing power.
But the most bewildering and confusing fact about all this is that APC charges are paid for by taxpayers. Professors use publicly funded grants to pay journals the right to publish publicly funded research so that taxpayers can read the research they funded without having to pay a subscription.
The whole boycott argument or "I only publish in society journals" is nice but we all know this will never be adopted across the field. It seems like gov intervention is desperately needed here? Otherwise we are left with a system where tax payers are literally propping up a multi billion dollar industry.