Exclusives exist solely because console manufacturers can get away with them. It's as easy as that. As lots of people have pointed it out, it's just good business. It's capitalism at its most disgustingly cynical form; locking the creative product of a developer behind a hardware architecture. To illustrate how absurd this practice it, imagine a world where you can only watch Game of Thrones on HBO brand televisions, or you can only listen to Kanye West's music on his brand of mp3 players (which he would call the Kanye ex machina). No other form of media gets away with bullshit like this, because it is objectively crazy and no consumer would fall for it.
I believe it works with video games, because too many people still use gaming as the basis for their entire identity; they're not just people enjoying video games, they're "Xbots", or "the PC Master Race", or whatever the PS players call themselves ("Sony-ponies"?). As gaming is such a fundamental part of their identity, they need validation that “their tribe” is better than the others, just how a die-hard Republican / Democrat needs to be reminded they are the only “smart” voters, or an extremely religious person needs to be convinced that their god is the true god. Having great games locked to their platform of choice gives the gamers the self-affirmation they crave, all the while the manufacturer makes a killing with the easiest market monopoly since the De Beers convinced the world that diamonds are rare.
In an ideal world, consoles would sell based on their merit and quality of service they offer, not based on how many developers the manufacturer has in its pockets. Anyone outside of Microsoft, Sony, or Nintendo shareholders who actively defend exclusive video games has the petulant mentality of a spoiled child who would rather have no one play, lest he/she is forced to share his/her favourite toy with the other children.
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