I don't agree actually that is how it should or can work for everyone. Senior researchers produce good quality research, and they have a network of high quality peers built over decades. Both those are necessary for them to reach out and ask for feedback, and get genuine and high quality feedback.
Junior researchers don't have these typically. They also benefit more from anonymous feedback, which enables the reviewers to bluntly identify wrong or close to wrong results. So I think open journals should continue to exist. They fill an essential role in the scientific ecosystem.
Mostly I'm fine with journals and conferences but I think it's the prestige that has fucked everything over.
I want reviews of my papers! But I want reviews by people who care. I don't want reviews by people who don't want to review. I don't want reviews by people who think it's their job to reject or find flaws in the work. I want reviews by people who care. I want reviews by people who want to make my work better. I want reviews by people who understand all works are flawed and we can't tackle every one in every paper (the problem isn't solved, so there's always more!).
So low bars. Forget the prestige, citation count, novelty, and all the bullshit and just focus on the actual work and that the act of publishing is about communicating. Publishing is the main difference between private and public labs. Private labs do fine research, without all the formal review. It's just that nobody learns about it. They don't give back to the community.
So my ideal system still has reviewers, journals, and conferences but I think we'd get along just fine without them. I believe that if we can't recognize that then we can't use these other tools to make things better.
They aren't fundamental tools needed to make the process work, they're tools that can make the process work better. But I'm not convinced they're doing a good job of that right now.
Junior researchers don't have these typically. They also benefit more from anonymous feedback, which enables the reviewers to bluntly identify wrong or close to wrong results. So I think open journals should continue to exist. They fill an essential role in the scientific ecosystem.