First of all, you must be excited to see all the new opportunities that came out of the PS5 jailbreak. Popping in a PS2 disc and playing on a PCSX2 fork made specifically for the PS5, that's some cool shit.

Second, despite the truth in your statement, I don't think the world oligarchs have any qualms about Xbox being a struggling brand. Rather, they see it as an opportunity to further cement their media empires for a century or more. "I already own the news media, social media, and print media, but what if I also owned the medium of games as well?" They don't want a single art form to escape their grasp and coalesce/spread dissent.