That's a good question. Thank you.
I think the numbers, the percentages, and the back-and-forth between our sector and the education sector get very confusing.
The simple thing in my mind is that the lack of a tariff or a licence for copying breaks the marketplace. Before 2012 we had a marketplace that had a chance of working. Afterwards, what we have is a bright-line arbitrary definition of “fair dealing” that gives a free option to large-scale institutions to leverage that option as a source of learning materials, rather than paying for learning materials. It doesn't have anything to do with their library purchases or with their scholarly journals; it has to do with a new system that takes percentages of many books rather than the whole of one book and makes educational resources for free in-house.
I think that is what we have—a broken marketplace.