“These licenses permit the libraries to lend out their e-books, typically, to a single patron at a time per copy, for a fixed number of times or for a fixed duration. This is ostensibly to mimic the wear and tear on typical physical books that forces libraries to periodically purchase new copies, but in reality seems to reflect hypothetical wear and tear on books if they were made of tissue paper and loaned only to people who promise to exclusively read them in the bathtub”
https://www.citationneeded.news/hachette-v-internet-archive/