I think that still holds even if they demonstrably do not care about performance all that much! You are quite right: current software is heavier and slower than it used to be and than it needs to be; it is also less safe and is more difficult to develop than it needs to be.
The popularity of things like Java or JavaScript is another disfunction: although they are very different from one another, they are similar in that they have poor syntax, frighteningly bad ergonomics and poor semantics. They require too much boilerplate (in very different ways) and are insufficiently expressive and powerful. They are not even as much safer as they should be, given their memory safety!
Our industry is appallingly immature.
It's bad that so many applications have given up on even halfway caring about respecting the user's computing resources, but IMO it's much worse if you can't even boot to your damn GUI desktop without a pile of JavaScript being loaded into memory.
Choosing JavaScript is a very different mistake than choosing C (it is at least memory safe, which counts for something). But it is deeply disheartening to imagine how many man-centuries (or man-millennia?) of work have gone into the ramshackle apparatus which is the JavaScript ecosystem while better ecosystems wither and starve for lack of involvement.
JavaScript delenda est.