The quote assumes that all of humanity has the same goals as a corporation does: that every individual person desires maximum utilization of components for the sake of company shareholders. Individual people want a computer and just can't buy them because the entire world's memory chip supply, flash storage supply, and increasingly hard drive supply is being swallowed into the maws of corporations who would love nothing more than to sell you tiny bits of that compute through a monthly subscription in perpetuity.

Not everyone subscribes to the "cloud compute is more important than everything else" outlook, but everyone is affected by it nonetheless.