Eventually, the bomb will go off, and the full 'enshittification' of Steam will commence. There will be competitors ready to take its place, but the current reluctance to embrace any Steam alternatives right now makes me worry that even a malicious Valve could keep a stranglehold on the PC as a software platform for years.
I didn’t find this conclusion well supported by the evidence presented
Enshitification usually happens because Wall Street demands infinite growth. I don’t see how that applies to Valve as a privately owned enterprise. If anything the complaint with Valve is that they only work on stuff they feel like working on and nothing more. If what you want isn’t something they care about you’re SOL.