A bigger machine in a far away place always had the cost advantages of the economy of scale. Everytime there is a jump in connection speeds and bandwidth some customers found it cheaper to "out source" computing to a remote machine. But eventually the advantages of local storage and local computation adds up. So let us see how long this iteration lasts.
For a moment you would feel as if somebody had touched off a bomb inside the old bean and was strolling down your throat with a lighted torch, and then everything would suddenly seem to get all right. The sun would shine in through the window; birds would twitter in the tree-tops; and, generally speaking, hope would dawn once more.
It is time tested and well recorded. Really, there is an actual historical record of this recipe working its magic in the morning after an incredible bacchanalian revelry in the Drones club to celebrate the engagement of Augustus Fink-Nottle to Madeline Bassett.
The dumping of goods produced at mass scale by industrialized Europe into the colonies decimated the local jobs. By the millions the local artisans who made pots, pans, knives, smelted metal, rolled sheet-metal, all went jobless. There was no protection from their government, they had no idea who they were dealing with. All the wealth accumulated by India by exporting spices for two millennia were gone in less than 200 years.
By the time Gandhi came around, it was down to farming the plant that gave indigo dye and handloom cloth. Almost all the native mettalurgists and metal working jobs were gone. More than the loss of jobs, the loss of the pride was more profound.
India and China were devastated, they had no clue of what was hitting them, they were reduced abject poverty and penury, to less than 5% of the GDP. The high paying jobs were created in Europe, and the number of higher paying jobs created were far less than the number destroyed if you take a global view. Only if you limit yourself to Europe you would see comparable number of new jobs being created. The Luddites were right.
Now finally it is lapping up the shores of the so called developed countries too. Finally it is affecting the upper middle class. Upper middle class are the real henchmen for the super rich. Without the upper middle class professionals siding up with the super rich, they could not stack the system in their favor. The super rich got too greedy and now they are taking from the 99% to 99.5% too. As long as they took from the bottom 95% and left enough for the 95% to 99.5% they could continue to grow. But when the life time earnings of a surgeon or a dentist or a CPA or midlevel MBA does not put them in the top 1% by net worth, they are going to rebel. And they are the ones who would succeed in such revolution without destroying everything else in the process.
I read the book "Fun With Numbers" by Mir publications, Moscow in 10th grade. It talked about simple things like immensity of a number like pow(2,64) explained in a simple language a 10th grader could get. (pow(2,64) rice grains would need a barn 3 meter wide, 3 meters tall and several times the distance of Earth to Moon or something like that).
So Mandelbrot set could exceed the resolution of the known universe, by some version of the definition of these terms, in as little as 64 iterations.
f I have the capital resources to invest in a home energy system to go off the grid and say the payback time is 15 years. I and many other people might decide to do just that.
Remember, your parents did exactly that. I957 was the peak of street car/public transportation. Every one who could afford a car, bought one, leaving the remaining riders to pay for the amortized cost of public transportation. Almost all of the street car companies went bankrupt in 20 years. Of course, there was this illegal secret cartel of Firestone, Ford and Standard Oil that speeded up the demise by secretly buying key transfer points of the network and shut them down. But they were also actively aided and abetted by local politicians promising a car on every drive way and a chicken in every pot, and the people also thought it was a good idea to ditch public transportation.
[*] I know they use kerosene but combustion of NG is even easier than liquid fuels.
When everything fails, you sell your soul to Satan and decide to fire up, gasp, internet explorer. For some odd reason it manages to get past all the hurdles gets the network extender running. Satan is laughing at St Murphy. St Murphy never loses, his revenge will come soon, and it will be swift.
In the meantime, caught as a mere pawn in the eternal battle between Satan and St Murphy I am ruing my fate and belly aching in slashdot.
BTW, don't dare ask. You know the answer. It is aum all the way. aum sweet aum all the way aum.