Latency / Speed of light is still a major factor in human-quality UX, even with GPU virtualization. Qubes/Genode can isolate "DRM zones" from "freedom zones" on the personal computer. DRM zones can run Adobe / Microsoft / Google / Netflix cloudlets and algos, with local caches that are DRM protected. User benefits from improved UX.
Freedom zones can run open software that secures user data and requires the cloudlets to use network-isolated sandboxes when they need access to user data. If the user wants to sell/lease their data to a cloudlet, then an audited copy is allowed to leave the local PC, moving to the public cloud.
Many permutations are possible in a multi-tenant client architecture. The key is to support the coexistence of open and closed enclaves on the same local device (a home server/bridge), isolated by hardware-assisted security that has an _open_ architecture TCB and root of trust.
Well, it isn't injustice. But it doesn't change the fact that this sucks, very badly.
The thing about personal computing was that when a company goes out of business, the software they made still remains on machines. It can be 3rd-party-patched. File formats can be reverse-engineered, so that you can use your data with a new program. Software can be cracked, so if a company tries to make you pay too much it is the company, not users, that is going to have a bad day.
All that move towards the cloud serves companies well, but sucks for the user. You don't get to tinker anymore. You don't get to do things your way anymore. Technologically, are being literally enslaved.