You are describing how mostly collections should work. They don’t work that way. They work in about the worst way you can possibly imagine. They are in fact junking valuable books for ghostwritten dreck that will itself be thrown away soon.
Sorry, I assumed that was your complaint about the Shakespeare book printed in the 1700’s.
There are multiple orders of magnitude less ghostwritten dreck than self-published books. In publishing the long tail is vast. A library can easily have every book that sold 50,000+ copies from the last 10 years without wasting much space. Simply as a practical measure there just aren’t that many “popular” books.
I am not saying that the tail end of books with 100 copies has no value, but you can’t keep everything for all time. If nobody has checked a book out in a year it’s only so valuable to the local community.
I find nothing wrong with ILL for Plutarch simply on a cost basis. Shipping books around isn’t free, but neither is shelf space. The point where the probability of someone wanting a book is significantly less than the cost of ILL is a real benefit.
But there’s nuance here. Keeping every single printing of Shakespeare’s plays in the ILL system has minimal value. Similarly the point of local libraries isn’t to archive all knowledge some stuff is going to be trashed.