No, the point is that a library catalogue enables access to the content. As does a hyperlink. To replicate the situation physically, let's do a thought experiment: it would be possible these days to build a library with a robot to fetch a book off its shelf and put it on a desk for you to read (there are modern warehouses that fetch stock and load trucks this way). Would that breach copyright?
Libraries do have exemptions, but only for educational or non-commercial use. You breach copyright when you photocopy the book to avoid buying it.