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I forget who's Substack it was I read today, but they made the case that peer review and gatekeeping by the publishers is a waste of time, and ALL papers should be freely published and get community noted as junk or good, with the community noter's being required to disclose any conflicts of interest. (If people didn't disclose I suspect they'd get community noted for that). Sounds like a much better way than the current 'pal review' and commercial interests blocking or retracting papers.

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In principle, peer review should improve the paper. I informally seek out peer review by soliciting feedback on important pieces of work before publishing, as I’m sure many writers do. But in practice, it really does seem to be broken. Kevin McKernan speaks often about decentralising science publishing, something like what you’re talking about I guess.

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[In principle, peer review should improve the paper]

What was it Yogi Berra said about theory and practice :)

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