Earlier quoted context omitted.
As a self published author I have to say that the publishing industry is providing a huge service to me and the rest of the industry here. The IA blatantly stole the work of thousands of people. They saw a problem and wanted to act - laudable. They could have done that be arranging to buy unique copies of each book they lent out. Or they could have tried to come to some agreement with the publishers. Or a bunch of ot…
They didn't "steal" anything. If you mean copyright infringement, say "copyright infringement". There's no scarcity involved-- nobody lost the use or ownership of any physical article-- so nothing was "stolen". re: your business model being sustainable if the current "industry" goes away - Maybe that ship has sailed. You can't make a living being a buggy whip manufacturer or an elevator operator anymore either.
Until then if you want to read an authors work then you need to pay their (usually very small) fee.