Yeah but it isn’t something new. When you lend friends or family money, you still count that as your money and expect it to be paid back (whether with interest or not). But the person you loaned that money to also counts it as their money and spends it as needed. Ideally, the borrower is able to make better use of it than the lender, and the arrangement leads to a net positive for both parties.

Yeah money actually does disappear. Banks don’t need to hold all of their deposits in reserves, they can lend them out. So 1 real dollar can act as multiples of that in the economy by people depositing and loaning it out in succession. This only works if there is confidence that borrowers can pay back their loans. When that confidence breaks down, as we saw in 2009, then businesses are unable to borrow for payroll and other expenses and the whole economy contracts. You can then try to print money to stimulate the economy, but that will lead to inflation.

Valve grew Steam’s market share by locking in exclusives.

By exclusives you mean their own games? Or are you referring to the time before Steam Greenlight?

There were multiple digital distribution platforms in the early days, IGN even had one.

Yeah I remember D2D, it had awful DRM and they deleted my account one day without refunds.

Then Valve forced exclusivity to starve out the competition.

No the competition died because they were trash. I used D2D, Origin, Impulse, they were all horrible compared to Steam.

Steam has its Most-Favored-Nation clause to prevent publishers selling games for cheaper on other platforms.

No, Steam doesn’t let you sell Steam keys to your game on other platforms for cheaper. That’s very different.

Valve fought against refunds for years until the EU told them to wise up.

I refunded things multiple times for the policy changes. As long as you gave a good justification and weren’t abusing the system then they have always been quite reasonable.

Valve only started supporting Linux when needed to sell consoles. They just like most other companies saw Linux gaming as an extreme niche.

No this started because of the Windows Store initiative back in 2012 where Microsoft was trying to consolidate the sale of all software to their proprietary platform. Supporting Linux was Valve’s way of hedging against that future.

Valve doesn’t try and lock in exclusives on their platform like the Epic Store or delete your account with games on it like Origin did. Steam provides plenty of notices about invasive DRM and anti-cheat that other stores don’t. Steam also has an easy refund process that doesn’t require you to call an agent. Valve does a lot to support gaming on Linux while all of the other platforms are almost exclusively Windows only.

Not my point. They aren’t saints, but Steam is still a far better steward for a digital storefront than most.

We only need to look at human history, and animals in general. The power of an individual is very limited, so those with shared interests group together for protection. The bigger and more powerful groups dominate the smaller and weaker ones and power naturally concentrates into the modern nation state, political party, corporation, etc. And whoever controls those groups holds the most power.

Your perspective requires that all humans be willing and able to come to mutually acceptable compromises for any disagreement. But that’s obviously not possible, there are many disagreements where humans can’t just split the difference or are simply unwilling to make any compromise for whatever reason. And so power becomes the deciding factor.

Steam works because Valve is a private corporation with a leadership who actually like video games.

A few people will always end up with all of the power, it’s how its always been because that’s how our species works. Having mechanisms for choosing these people peacefully is better than a free for all power grab.