Is this a good tradeoff between protecting IP to incentivize creation through monetization and the various societal goods of making it widely available? I don't know, but it is certainly a different point on the continuum than traditional libraries.
The actual current status-quo is. Despite the most of the worthy books being available on pirate websites, people still buy books. Publishers still are not bankrupt. Even independent individuals post "I wrote a book" here every now and then, link to DRM-free purchase pages and seem happy.
I personally spent many hundreds dollars buying DRM-free ebooks on GumRoad and HumbleBundle (despite most of them being on LibGen!). I also bought numerous hardcover paper books after reading their pirated ebook versions.
Soviet Russia used to have amazing collection of printed literature on STEM topics, the books have published not for the sake of earning money, also they used to have free libraries among all the villages. This is the closest example I can give and BTW those Russian books are freely published on Russian torrent trackers.
> A proper sovereign country, not dominated by totalitarian corporations
Even without any further clarification the search among existing countries is going to return 0 results.
Meanwhile they still have flibusta.is where almost any book ever published in Russian can be downloaded one-click as structured XML (FB2) and the maintainer is dying of brain cancer right now after having paid for the server to run for some more weeks. Russian is among the top languages in terms of the amount of books published in it. Apparently we are witnessing two great libraries of humanity dying at the same time.
See https://wiki.mhut.org/distribution:torrents
I just hope enough capable people will download everything to be able to create mirrors again someday. Perhaps the darknet can turn out a better place.