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Gabe Newell agrees with you. He said that piracy is almost always a service problem, not a pricing problem.

Yup, I remember that interview. It was about pirates providing translations for the pirated games, that weren’t included by their creators.

Fair pricing is also part of that. Like when Netflix first came out, even with its pretty restricted catalogue, it was a good deal at the time.

Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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