> This is the real risk after the slow death of personal computing.

By the time you can have a slow death of personal computing, capacity will improve and prices will improve.

In the shorter term sitting on an old computer or regressing a couple years on specs or paying an extra $100/$200 for 8GB/16GB works.

> Even internet resources like servers will be hoarded by the hyperscalers that are the only ones who can afford to order years of compute hardware in advance.

I don't see why hyperscalers would be so much better at handling price increases.

For some average business paying a week's wages for the computer you use, they can afford that doubling to two weeks just fine.

For all the normal server rental companies, okay the guy on the $10 plan either pays $16 now or cuts their resource allocation and keeps paying $10. That's not going to cause a sea change. And higher end hosting isn't that much different.