From the Second Circuit Court decision:
“the library eBook lending market is thriving… [p]ublishers and their authors have tapped into a profitable, growing market.”
Pure #RentierSociety. Celebration of #RentBounty and glorification of bounty-motive.
Despite the colloquial use of the word "profit" in the wording above, digital lending licensing is exclusively extractive, entirely a matter of rent sought by way of resource control. There's no production here, only usury in another form.