For most users, Windows 95 plus Office 95 plus Netscape plus Eudora could do everything that that they do today. (The big exception is 3D graphics on modern games.)
Most users today only use a fraction of the power of Word 95 and Excel 95. Netscape was more than enough to run Facebook and Google Search and classic web pages which is what most people actually use the web for. Windows 95 could even display passable video. And Emacs gave me a powerful IDE.
It could be a bit unstable, but now that Microsoft had finally discovered 32bit instructions 20 years too late it was very programmable. It also cursed us with the registry.
And all this in just 8 megabytes of memory. Not 80, 800, or 8,000 needed today, but just 8.
So what are the other 7,992 meg on my computer doing? They are filled with stuff (including whole VMs), I seem to need it. Sure 8 might have become 16 and then 80. But how on earth did it become 8,000?
There is nothing substantial that I do today that I could not do on Win95 with, say, 32 meg. (OK, so I could not run bloatware like Eclipse, maybe that is my point!)