The library model is an interesting point. The author and publisher were compensated by the library once, but beyond that they see no revenue from readers. This is mitigated by the fact that there is generally one copy of a book available and only one person can have it checked out at a time. Libraries are not like Blockbuster promising to always have a copy of the latest and greatest available.
If we take this "pay if you like it" concept and apply it to movies and plays, you would only pay on the way out, and only if you choose to. Downloading a movie or book from the Internet and paying later, maybe, is the same thing IMO.