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this post was submitted on 30 Nov 2023
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Valve is not publicly owned, I don't think you can equate commerce to Capitalism.
Commerce conducted in a capitalist economy is inherently capitalist. Being publicly traded is not strictly required, though it might be the most common form of corporate structure under capitalism. Individuals, partnerships, privately-held and publicly-traded companies can all own capital. Valve's assets are not owned by a government, its business decisions are made privately and it operates in a free market. Those three factors are pretty much the definition of capitalism.
Exactly. Free Market ≠ Capitalism
https://doctorow.medium.com/capitalists-hate-capitalism-6406089e2118