> You didn’t buy a physical book, you bought the paper, but the words are owned and licensed by the publisher.

Correct.

> You will need their permission to read it under an approved light, to sell it again, and even it lend it.

No. The physical media is transferable and the implied license carries with it. You just can’t make a copy and then retain it if you give the original copy away.

What you are allowed to do is governed by whatever laws are written.

Incorrect. You own that entire physical copy, not a license to it.

Ah yes, copyright, where in its furthest future form says "though shall not remeber or recall anything anyone owns unless you pay for it again". I cant wait to pay Disney to remember movies from my childhood once we have a neuralink.