(I don't use Audio Hijack, nor am I in the market for anything like it. But it's obvious from the product page[1] that it's a nice piece of software. I also know that several podcasters I listen to rave about it.)
That's not to say free options don't exist. BlackHole[2] is FOSS.
[1] https://rogueamoeba.com/audiohijack/ [2] https://existential.audio/blackhole/
Or in the late 90s when there was a commercial program that allowed OS 9 to show real-time window previews while dragging rather than merely showing the window border outline.
Its built-in recorder is a small part of what the overall app does.
It drives me nuts how quickly people jump on the criticism bandwagon without bothering to look up what the thing they're criticising actually does first.
These days, OBS is probably a decent alternative, but it's very video focused and very streaming focused, so it's not exactly great for that purpose.
Since getting a mac and paying for tools like this, the immediacy of being productive has caused me to actually make music.
it's the same with OBS - wow, what a piece of software. I spent a week going through and configuring it. They really thought of everything. Audio Hijack solved my problem in 30 seconds and made sense for my use case while doing it.
It's become less so lately, but the Mac ecosystem historically was what computing SHOULD be.