OK, I'll bite. Assuming an average figure of $4,000 per journal per year, how much does will a university like Cornell spend per year on all journals? I work at a smallish European university, and even in my smallish field of the humanities we have access to about a hundred journals (give or take); I dread to think how many journals the university library subscribes to in total, plus dissertation databases such as ProQuest, non-academic periodicals archives, yadda yadda. For something like Cornell, I suspect the figure has to be much higher (more journals, more subscribers).
Plus, it's fine to think that Cornell can afford it; but can a second-rank public university? It probably doesn't, it has neither the money nor the bargaining power. Which means that its academics have limited access to advances in their fields. How can that be fine?
It is not about second rank universities. It is about universities in the third world and people who cannot afford to go to universities at all, and it is about the support of universities for open access to learning.
Plus, it's fine to think that Cornell can afford it; but can a second-rank public university? It probably doesn't, it has neither the money nor the bargaining power. Which means that its academics have limited access to advances in their fields. How can that be fine?