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It's not a technicality. A library can't distribute the e-book at all without the permission of the copyright holder. With paper, no permission is required. Copyright doesn't mean that no copies may be made, only that they cannot be made without permission. I am amble to have the same e-book on multiple devices only because the seller has permission from the copyright holder to allow the book to be copied to a certain number of devices. What you or I might wish the situation to be doesn't change the situation.
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