What are you talking about, most SaaS could be software that just runs on a computer, it's SaaS because you need a way to retain control to charge for it. Most of the effort going into developing software this way goes into the part that holds onto the value because distributed systems are hard. A lot of software is drastically easier to create if you don't turn it into SaaS. In any case I don't think SaaS companies don't create value, but I think the cost for that value is too high.