"Fair" source does absolutely nothing to allievate those concerns. The four software freedoms do.
It is true that for a quarter century software developers have naively licensed their projects under MIT and BSD style permissive licenses, and have then felt robbed when big companies come in and eat their lunch. Except it was never their lunch because they didn't actually use licenses that would have asserted their rights to that lunch.
Thankfully, that naivete is finally, slowly dying but, rather than use robust solutions that have been around for decades (e.g. GPL-or-AGPL/proprietary dual license), some developers have invented a new, largely untested concept and named it by dressing up their own sour grapes and spite as "fairness".
"Fair" source software is a non-solution in search of a problem.
Free software and strong copyleft licenses already exist. Dual-licensing already exists. Viable, profitable, healthy, ethical companies built on these strategies already exist.
I used to think Stallman was a crank and a fundamentalist, and he absolutely is, and thank goodness for that. I now think "open-source" is exactly as diluted as free software advocates initially pointed out, and the emergence of "fair" source is part of the damage it has done.