"It's the trend of turning software into services."

I don't see how any western capitalist society couldn't fall into this trend. It's all about making more profits, no different from say buying some land with natural water sources, close it to the public, bottling the water then sell bottles. All perfectly legal and fine, until the day there's no more competition and whoever owns that land raises the prices so that some people cannot afford water anymore. That day ten people dead of thirst or shot by guards while trespassing won't make a difference when a thousand of them still can pay for that water. Still perfectly legal although not fine at all, but capitalism as we know it has no moral limitations. It's not just turning software into service being dangerous, but also what happens next.

And of course the total loss of control of our data. Lawyers using cloud services and social media for exchanging sensitive documents and discussing them may seem crazy, but I've already seen some doing exactly that. Being ignorant about the implications of today's technologies misuse can have disastrous effects.