Comment this looks like a familiar game (Score 5, Interesting) 66
History is full of scaremongering (often termed FUD) where a group with a major financial interest in maintaining some status-quo tries to make an argument about how bad some looming decision will be "for everyone", and how some industry will be destroyed and vanish if regulated. But upon closer inspection, the "industry" they are referring to is currently operating in coordinated, abusive behaviors that are making it hugely profitable, and the proposed regulation or oversight is threatening to rein that in to a more reasonable and fair practice. This isn't going to "destroy" the industry, but will end the heyday they're currently enjoying, and restore balance to the market they're in. And that's actually what they're fighting to prevent, or at least slow down.
Scientific publishing is the industry in question here, and it ticks all the boxes. It's hugely profitable, is standing on the shoulders of hard-working people, and is siphoning huge money from both the supply and demand sides of the industry to fatten the publishers. None of this is serving the public good. Their "happy times" are coming to an end, and they'll be fighting us tooth-and-nail to make it last as long as they can before the balance is restored and their cash cow wanders off into the sunset. This isn't about protecting an industry, it's about squeezing as much bonus profit as possible out of a broken system before someone manages to repair it.