I live in a stable first-world democracy. Or, since it seems to be getting less stable recently, maybe a better way to put it is: I participate in a stable global economy. If "the cloud" catastrophically fails to the point where I lose all of the above without warning, I will likely have bigger problems than never being able to watch a favorite tv show again.
I wonder if this exposes two kinds of people: those who value mobility, and are more comfortable limiting the things that are important to them to a laptop and a bug-out bag, and those who value stability, and are inclined to build self-sufficient infrastructure in their castles.