I somewhat agree. But, I personally vastly prefer the experience of reading on the Kindle to a physical book (instant dictionary definitions, easier on the subway because I can hold on in the subway and still turn pages, the ability to choose my preferred font size and text width which allows me to read faster, and so on). I would pay more to read a book on a Kindle and frequently do (one can often find good quality used paper books for less).

The one thing I don't buy on Kindle are the rare books I expect to want to keep a long time. For everything else, I'm willing to accept that I might somehow lose access or be unable to read it in several years.