Umm it's more complex than that. Open standard would still need money to survive. And Big Tech will flex their philanthropic muscle and influence open standards

Umm it's more complex than that. Open standard would still need money to survive. And Big Tech will flex their philanthropic muscle and influence open standards. There is a lot of empirical evidence of this. Look at Matter protocol in home automation, GS1 in retail. Starts as a good idea but as soon as there is adoption, there will be several market motions to mess everything up. The only way for an open standard to grow is a large extremely committed community that is largely made of people who don't have to worry about survival.