LibGenX or clones - good or bad for mankind in general

[fml]

You maybe know about this 'illegal' (at least in some jurisdiction) project,

that aims to make all books and publications available to everybody on the internet for free.

i like the general right to access all knowledge, the same way as i like and support open-source software and hardware, creative commons licences and the good ol' brick and mortar libraries.

What do you thing about this kind of publishing that just doesnt care for copyrights and publishers income all too much ?

Is this what we need or do we suffer damage as society from that approach for some reason apart from financal losses for the big players on the media market

thanks for reading and serious replies

have a nice day (maybe reading a book?)

greets from fml