> The immense pressure to transform/re-frame everything as a service, aka: "You'll own nothing and be happy" leads to these situations. Now it's "just a video game", but this is starting to happen to most walks of life.

Indeed. It is everything-as-a-service subscription, rent-seeking, griftopia created by our tech overloads which "you will own nothing and you'll be an extremely happy user" and all your digital games and save games gone if the service shuts down, bans you or terminates your access.