Honestly I have to disagree. I don't think people care so much if their games truly belong to them. I think a lot of people don't really go back and play games they've already beaten very often. I really think it all comes down to confidence in the companies that make the games. Steam is objectively shitty but gamers still love it even if it going down means that they lose access to their games. It is the de facto game launcher on PCs because valve has a track record of treating their customers well. Everyone has confidence in valve, and by extension steam.

Keep in mind the video says that people are playing games that are on average 7 years old, and if we look at gaming around 2017, we still see gaming with battle passes, microtransactions, streaming, and all other anti-consumer behavior from devs. This really has nothing to do with emulated retro games, and if you consider the average, someone playing a game from 30 years ago Is being balanced out by four people. Playing games released one year ago.

Fully agree on capitalism destroying art and media though, absolutely true.