this post was submitted on 10 Oct 2024
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You do own your games on Steam. You just aren't authorized to play them without using the Steam launcher.
You also won't be authorised to play them if your account is banned for any or no reason, or if steam somehow shut down (at least for any you hasn't already downloaded or if you ever uninstall them).
That doesn't sound much like owning to me. Could you imagine if gamestop banned you from their store and suddenly you couldn't play any game you bought there? Would any logical person consider that ownership?