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Exactly that. Rather than centralise the risks, distribute them therefore reducing them.

One political change put millions of people and businesses at risk. Minimising this in future is not putting everything on someone else's computers.

Many of us still run servers in our own building.

There are pros and cons to both approaches... and it's not a mutually-exclusive position.

Having some on-prem compute and some cloud compute is entirely viable.

I agree. I just think we've gone too far with the centralization and we should bring it back to a healthy balance. The hyperscalers are no longer sharing the benefits of the economy of scale, they are milking us now, and we're also creating a very dangerous concentration of control over the internet.