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Linux Foundation to Fork HashiCorp Terraform into 'OpenTofu'
(thenewstack.io)
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I like open source because of how it affects ordinary individuals. I am not very concerned for businesses. In fact I'd prefer that businesses profitting from free software must profit share with the creators. It would ensure the longevity of the project.
What you're describing is business source, not open source. Hashicorp chose to use open source and thus allow other companies to compete. Nobody forced them to, they could've just kept Terraform as closed or business source from the beginning. There's nothing wrong with doing so, only if you pull a bait and switch like Hashicorp did does it become a problem.