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“I didn’t say I agree with it, I just showed how I subscribe to the very frameworks and ideas that created this problem in the first place. I don’t agree with it and it’s wrong; but they’re right.”
No. My point was that an economic argument, as posited in the meme that started this thread, misses the core issue. From an economic perspective, Nintendo is doing the right thing, as evidenced by the fact that they have been doing this forever and still haven't gone broke. So that approach is simply inutil when critiquing corporate greed.
Side note: Nintendo is not the only games company guilty of that, only that others, without exclusive hardware as a platform, have been suffering the consumers' wrath (e.g. EA or Ubisoft).