Hi, Mek here (speaking as myself). Disclosure that I run OpenLibrary.org at the Internet Archive. I'm sad to hear you're disappointed with how things are going. I share your frustration.
I wanted to join in and +1 one of your comments: the importance of preserving our digital history. Preservation is a core mission of the Internet Archive and central to the tagline, "Universal Access to All Knowledge".
At the end of the day, the reason to preserve cultural heritage is so that it can be made accessible: Eventually. In ways that serve people with special accessibility needs who are otherwise left behind. In formats and environments capable of playing back materials that no longer have available runtimes. With affordances that make these materials useful and relevant to modern audiences.
An important reflection is that a key role of archives and libraries is to preserve cultural heritage by building inclusive, diverse collections, which span topics and times. For decades, libraries pursued this goal by purchasing physical books and, over time, growing and preserving collections of materials that serve their patrons. Not just bestsellers. Weird, obscure, rare research materials about rollercoasters, genealogy, banned books, stories from lost voices, government records.
The shift of publishing to digital [especially how it's done] fundamentally affects how [of if] material may be archived or accessed. It's not enough to assert the importance of preserving culture. One must actively advocate for a future where media can be archived. As Danny suggests (https://news.ycombinator.com/item?id=41454990), this is something the Internet Archive has been acting on since its inception.
What we're seeing today is a shift to digital, designed and led by publishers who are engineering a landscape with new rules where libraries can't own digitally accessible books. Libraries are being offered no choice, no path forward, but to lease (over and over) prohibitively expensive, fixed pool of books, that disappear after the lease period is up. This means libraries have ostensibly lost their ability (first sale doctrine rights) to own, grow, and preserve a collection of books over time... A fundamental ecosystem change that threatens the very function of preservation that you and I so strongly value. Preservation necessitates the ability to preserve. Preservation is a fight for the future and I believe a preservable future where libraries are allowed to own digitally accessible collections of books is a future worth fighting for.
That doesn't mean we should only be looking into the future. Looking at today, the only permanent collections libraries do / can own and preserve are physical. So what other question is there besides: how can libraries make the materials they rightfully own, preserve, and are permitted to lend accessible to a digital society? How may libraries make the digital jump to help millions of physical books enter public discourse, which takes place ostensibly online?
In my opinion, this is the discussion we're having. The Internet Archive continues to preserve millions of documents of all sorts: websites, radio, tv, books, scholarly articles, microfilm, software, etc. A very small team of staff are doing the best job possible to make sure that, not only does our cultural heritage get archived, but that in the future, archives and libraries have the right to exist, be useful, and that there are materials archives are permitted to preserve; that important research resources are made accessible to the public -- especially those who have traditionally been left behind. Someone needs to fight for the future that lets us continue preserving the past.
I'm personally very open to your suggestions on how the Open Library can improve and appreciate you taking the time to share your thoughts.