Disc > Steam > Digital console
Steam games exist on physical media that players have some control over: I can copy my Steam data directory across PCs/Steam Deck, I would not be able to do that on a PlayStation.
Sure, I can't resell my Steam games, but the openness of the PC platform has advantages over closed consoles. Valve can't brick old games the way Sony can - a new computer in 2046 will be able to play single-player games backed-up from Steam, not so much for consoles.
I have a PC and PS5, and bought game for PS5 just because they were on disk, despite that they would've ran and look much better on my pc.
Sony is releasing like 2 single-player games a year, I might get a PS6, but I'll be in not rush with so little offering, anything else I'll get on PC.
None of the console manufacturers pulled that shit, that Valve gets a pass is wild to me.