If you believe that just because you can exploit a license doesn’t mean you should, do you believe Elastic have wronged ElasticSearch and Lucene’s contributors by not compensating them(other than those that are employees)?
I don’t understand the argument that a company should get to “own” all the profits for a particular FOSS project.
Its not exploited. There are several other license options Elastic could have used other than the one that says "Do whatever you want".
The license communicates to others how you approve the usage of your copyright work. If you aren't communicating "do whatever you want" don't pick a license that literally says "do whatever you want".
I don’t understand the argument that a company should get to “own” all the profits for a particular FOSS project.