I think the issue is of product vs. service. Most of the things you deal with still function as products - you pay for your food / car / gasoline up front, and you consume it when and how you wish. The gasoline you bought won't magically disappear from your car because its provider decided to change the mixture or update their TOS. You don't have to worry that your supermarket prohibits you from making french fries from potatoes, because your tier only allows boiling them. You don't need to enter into long-term relationships with businesses to access basic consumables; a purchase is a one-time operation, no strings attached.
I don't see it as an issue of reliability - which will always be a problem, because it's only natural for a business to eventually screw you over in the process of wringing out more profits from you. I see replacing products with services as something that limits your ability to live the way you'd like. It forces you to have a stable cashflow to support those services, since you no longer have a product that you can use until it wears out. It forces you to treat physical objects as black boxes - not tools that manipulate reality, but only tokens of services you subscribe to that you cannot open, cannot control, and cannot use beyond what's outlined in TOS. It forces you to engage in unnecessary business relationships with other people. All of that makes your life much more fragile.
Maybe this is a good fit for average middle/upper-class, healthy and mentally stable consumers, especially those without any curiosity and creativity to use items beyond their designated purpose. But it's not a good fit for everyone.
Now, if that was just an option, it'll be great - one could choose the ratio of products to services in their lives. But the market doesn't ask you what you'd like; you choose from what's available. Services are better than products from businesses' point of view, and therefore that's what's being offered (and with extra profit margins over products, services can dupe people into them by the virtue of being cheaper at the moment of signing a contract). I fear that eventually, we'll be left with pretty much everything delivered as a service, with companies dictating how you need to live your life (and screwing you over with impunity).