Oh this appeal to the public, pithy empty words about openness and shit.
Here's the plain truth: IA ran a gigantic book piracy site during covid. They should've known they won't get away with it. I remember several authors begging them not to do this because it affected their income. I personally thought it monumentally stupid to put the Wayback Machine at risk.
They said, there are enough physical books in closed libraries to cover their lending. That's not how this works. They should've asked the publishers for permission first if necessary putting pressure on them via public. This is not a case of it's easier to ask for forgiveness than permission because they must have known they won't be forgiven for this. I can't even.
I am not saying this is by any means moral or right. I am saying: this is the law. They actually got relatively lucky for not being fined to oblivion for this.