I'd go one step better: Many parts of the world now have access to such high quality connections and economical home computing resources that we no longer require the efficiencies of scale that drove centralization in past decades.
It's not just cloud computing but even home computing.
We used to need centralized computing because there was just no other practical way of operating, but not anymore.
The sharecropping analogy sounds good, but I like to emphasize the evolution brought about by the technologically advanced option for such extreme decentralization.
Hmm. Well, to push the analogy, technological advancements in agriculture increased the productivity of a set amount of land, meaning that more could be grown for more people with less land required.
The analogy isn't perfect, but there's something there! :)
Of course. We have all collectively created more “land” where none existed. This is where the analogy breaks down, unless we look at settler colonialism and how European powers were able to use stolen Indigenous land as a pressure valves for their own rebellious peasantry.