The world could run on older hardware if software optimization was a priority

Well, yes. It's an economic problem (which is to say, it's a resource allocation problem). Do you have someone spend extra time optimising your software or do you have them produce more functionality. If the latter generates more cash then that's what you'll get them to do. If the former becomes important to your cashflow then you'll get them to do that.

It's the kind of economics that shifts the financial debt to accumulating waste, and technical debt, which is paid for by someone else. It's basically stealing. There are --of course-- many cases in which thorough optimizing doesn't make much sense, but the idea of just adding servers instead of rewriting is a sad state of affairs.

> It's basically stealing

This feels like hyperbole to me. Who is being stolen from here? Not the end user, they're getting the tradeoff of more features for a low price in exchange for less optimized software.

From what I’m seeing people do on their computers, it barely changed from what they’ve been doing on their pentium 4 one. But now, with Electron-based software and the generals state of Windows, you can’t recommend something older than 4 years. It’s hard to not see it as stealing when you have to buy a 1000+ laptop, when a 400 one could easily do the job if the software were a bit better.

Most people today could be using excel '98 and be no less productive.