> have set into motion a plan to cancel our subscriptions to 700+ academic journals integral to our research and teaching.

ehh, this part is a weak take. All universities should cancel their journal subscriptions because journal publishers are parasites. Lots of other things are done by universities in collaboration with each other, without allowing some random for-profit company to collect rents. Publications should be one of them.

Agreed about the companies, but academic journals provide value to students long-term in ways that cameras do not.