As a fellow 90s kid... I feel the same. I remember when Sony Ericson launched their first camera phone and how we used to go through PC upgrades like crazy. My dad would go to the bookstore to buy magazines with new linux distros included for free. Now I have laptop thats 4 years old and Im not excited to buy my next (heck I dont even need to buy my next... I can run LLama.cpp just fine on my current).

I do think the barrier to entry in tech has significantly increased. There was a wave of internet companies like Uber, (and their global equivalents) that benefited massively from providing local internet services. In the 2000s and 2010s the tech companies benefited massively from global poverty alleviation efforts to get users in remote regions on line. The push to get people online meant that millions of people in poor countries had access to social media and ads but not basic needs like toilets. As the tech companies saturated the emerging markets, covid began to hit. The stark inequalities began to be rubbed in. The big tech companies also dont really have any real material asset to fight over anymore. Their markets have been largely captured. As a big tech firm the game is now to maintain your lead. The industry is now run by MBAs, not hackers anymore.