If Public Libraries Didn't Exist, Could You Start One Today?

Stephen Dubner from Freakonomics writes:

I am guessing there would be a huge pushback from book publishers. Given the current state of debate about intellectual property, can you imagine modern publishers being willing to sell one copy of a book and then have the owner let an unlimited number of strangers borrow it?

I don’t think so. Perhaps they’d come up with a licensing agreement: the book costs $20 to own, with an additional $2 per year for every year beyond Year 1 it’s in circulation. I’m sure there would be a lot of other potential arrangements. And I am just as sure that, like a lot of systems that evolve over time, the library system is one that, if it were being built from scratch today, would have a very different set of dynamics and economics.

Again, here's the link to the article.