Thingology post on Ebook economics: Are libraries screwed?

http://www.librarything.com/thingology/index.php

Tim Spaulding has a nice piece on ebook pricing for libraries. A lot of doom and gloom, but the gist is on target publishers/bundlers will rent ebooks to libraries as e-journals are now and thus price increases for ebooks on the scale and model of e-journals is likely.

The whole concept of collection development is altered when the library is a renter and not an owner of books and journals. If a library is rooted in its possession of a collection, then a library that rents is not a library.