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I have seen this first hand on both sides of the pond. It's more ridiculous than the article suggests.
I find this kind of issue with conferences generally, in many subject areas.

I find that I can get more detailed and expansive information from a book for a vastly smaller price compared with attending a conference on the subject.

Also, many papers are published after a conference. So, I just save the air fare and hotel costs and buy the book!

I don't get it. Perhaps the main point of conferences is the coffee breaks, rather than a keynote address.