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It is a shit idea. But that's copyright law for you - if you want to digitise the work for yourself, you according to latest precedents have to destroy the copy you digitised ¯ \ _ ( ツ ) _ / ¯

I don't blame the companies for either wanting digitised works, nor following the law. I blame the absurd court ruling, and I blame the publishers for not having digitised the old works themselves, in which case they could just sell e-books to the labs... They are after all the only ones who can legally do it non-destructively.

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But why do they have to do this at all? If it's a shit idea, and you cannot do something without negative side-effects of it, can't you just not do it? Why these companies absolutely have to do this?
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Well, they want to use the book they own in digital format. They own it, they get to decide what to do with it.
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What's shit about it ? They're buying books that would be headed for the pump or trash heap anyway. Millions of books are trashed or pulped every day.
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