Europe managed the first ~60 years of computing without the cloud just fine, and (as per greybeard HN-style comment) one can in fact wonder how much of the past 15 years of innovation has actually brought us for "your average org".

Also: there may be _a_ chance that the situation will improve, but as the Dutch say "Trust Arrives on Foot, but Leaves on Horseback" and your even given your "even if" the trust thrown away in the past year will take literal decades to repair.