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Originally Posted by j.p.s
No, it is not. It is a serious flaw in the business model of some ebook publishers. It is absolutely, positively not an inherent flaw in ebooks themselves.
It could be fixed, or at least greatly mitigated by tweaks to the digital restrictions and/or setting prices to more realistically reflect what is being sold.
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Exactly. There are ebook publishers who actually sell ebooks the way books are sold, rather than using the software model. For example, in the front of BeWrite's offerings, you will find that you can in fact resell or loan as long as the conditions are met:
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This book is sold subject to the condition that it shall not, by way of trade or otherwise, be lent, resold, hired out or otherwise circulated without the publisher’s or author’s consent in any form other than this current form and without a similar condition being imposed upon a subsequent purchaser.
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Emphasis mine. Most publishers basically stop at "otherwise circulated".