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[Playstation Lifestyle] Steam Now Admits Players Rent Digital Licenses, Not Buy Games
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if a game gets delisted you still have it on steam (common for games that get remasters, or expiring licences).
a very recent example is horizon zero dawn (owners of the original have the original). historical owners of skyrim legendary edition still own legendary edition and is not a copy of special/anniversary edition
if the store closes, iirc Gaben has claimed that in the case they shut down for some reason, they will remove steam drm from the executables, but thats a game of trustmebro.
I guess steam is a good actor (doing a lot for Linux too), but sadly it’s not the case of every business