Eric Hellman, A Library Monopsony for Monographic eBook Acquisition?

The author's summary on LibLicense: "(1) Ideally, libraries should be providing access to content to anyone for free. (2) Therefore, libraries should be trying to acquire rights to give ebooks to anyone for free. (3) For ebooks, the coexistence of free access and toll access to a particular work is problematic. (4) Every publisher has his price for any book. (5) The way for libraries to meet the publishers price for most books is to organize into a cooperative. (6) The amount of money libraries spend on books is sufficient to acquire outright many works sold mostly to libraries. (7) So... why isn't this happening?..."