This genuinely doesn’t get talked about enough. Steam is a private company and Gabe Newell seems to be the de facto “head” of the company, despite its famously “flat” management structure. There is no guarantee a new leader will have the same values or lead the same way. There is ripe opportunity for Steam to become a steaming pile of shit. I don’t know about the exact ownership structure beyond Newell, but unless the employees are far more empowered through things like ownership stake in the company, new leadership could effectively destroy how things currently work at Valve to be replaced by any number of terrible business decisions.

Agreed, further the behavior of valve has to be understood like that of bandcamp before it was sold, an anomaly in a capitalist system that is vastly underperforming and dysfunctional from the perspective of those with money and power. It isn't, valve is doing great (so was bandcamp) but and I really want to stress this point for the naive gamers here who dont have a very well developed sense of the political realities of capitalism as an ideology (as opposed to some "natural order" of commerce or trade), it doesnt matter if valve is in its most profitable state right now. When it falls under the control of different rich business people it will immediately begin having its heart ripped out, rationality actually comes a lot less into the picture than you think if you believe in economics as a pure science rather than a belief system that uses more math and acronyms than most.

If there arent robust alternatives to valve then, it will be a big step back.