It is globally accepted. There are many community libraries throughout the world that consist on a small shelf on a sidewalk where people leave books for others and take the ones they are interested in.
Reselling, lending or giving away books is legal in my country and, as far as I know, most countries in Latin America. Nobody is turning a blind eye, it's actually legal.
I wouldn't want to live in a world where I cannot lend my book to whoever the hell I want. Or give it away.
I can't seem to respond to the sibling comment directly, so I'll comment here to say that ripping a CD or DVD is making a copy of it, which isn't what this thread is about.
You can't rip it, but you can sell, share, or do whatever you want with the original copy you bought and own. That is true everywhere in the world.
Can't speak to other countries but I know in NZ you're not allowed legally to rip DVDs or blurays you own (even just for private use, no distribution intended). The copyright act is structured with a whitelist of permissible format shifts, and while CDs made it onto that list, movie discs didn't.
Surely you can still resell and loan the physical CD/DVD though, which is what's being discussed here as universally legal? I think ripping DVDs would be seen as equivalent to photocopying a book.
This is true in America as well, though nobody cares. DVD's and bluray are protected with DRM, and you can only legally circumvent that DRM to use a short chunk as a critic or to develop accessibility features.
I am unaware of anyone prosecuted for ripping though, only several for developing/spreading the DRM circumvention.
Though, the other poster is right, that's a separate thing to what is being discussed.
