...the rights to access and/or use any Content and Services accessible through Steam are referred to in this Agreement as "Subscriptions."
... The Content and Services are licensed, not sold. Your license confers no title or ownership in the Content and Services.
https://store.steampowered.com/subscriber_agreement
To me, that's their business if they want to operate that way and folks can choose to accept that and be a customer if they so desire. I think what's really wrong is that nowhere on their store pages do they use the word "Subscription" and instead they use the word "Purchase". This should not be allowed and is false advertising, plain and simple.
Perfect.
> This should not be allowed and is false advertising
The result of false advertising is theft.
the consumer rights directive in the Uk/EU specifically states remedy (i.e.: refund) if vendors remove features from a purchased digital service
For example, the statement on Australia:
> FOR AUSTRALIAN SUBSCRIBERS, THIS SECTION 7 DOES NOT EXCLUDE, RESTRICT OR MODIFY THE APPLICATION OF ANY GUARANTEE, RIGHT OR REMEDY THAT CANNOT BE SO EXCLUDED, RESTRICTED OR MODIFIED, INCLUDING THOSE CONFERRED BY THE AUSTRALIAN CONSUMER LAW (ACL). UNDER THE ACL, GOODS COME WITH GUARANTEES INCLUDING A GUARANTEE THAT GOODS ARE OF ACCEPTABLE QUALITY. IF THERE IS A FAILURE OF THIS GUARANTEE, YOU ARE ENTITLED TO A REMEDY (WHICH MAY INCLUDE HAVING THE GOODS REPAIRED OR REPLACED OR A REFUND). IF A REPAIR OR REPLACEMENT CANNOT BE PROVIDED OR THERE IS A MAJOR FAILURE, YOU ARE ENTITLED TO A REFUND.
Which means that removing access to the purchased item, does in fact entitle you to a refund.
Even if you equate taking down DRM servers with breaking into someone's house and using a crowbar to break their widget, that's still a different crime than theft.
As mentioned in my previous comment, it would be wrong but not theft specifically. Someone breaking into my garage and smashing my car isn't theft, it's vandalism.