They have a money printer that gives them nearly unlimited flexibility. Being a private company means Gabe can do long-term investments without concern.

Steam has been an incredibly good steward of its position, but I fear for the day when capitalism finally sinks its claws into the platform.

> capitalism finally sinks its claws

Capitalism has nothing to do with short term greed.

Some CEOs are just too arrogant and think that optimizing for the short term won't hurt goodwill. That's their own failure. Capitalism says nothing about how a business should be run. It's merely defining the idea that humans who own things (capital) allocate their resources and keep the result.

Capitalism doesn't break things, it builds them. You're thinking of greed, which exists in all economic types.