I almost gave you up an upvote until your third paragraph, but I have to now give a hard disagree. We're running more untrusted code than ever, and we absolutely should trust it less than ever and have hardware and software designed with security in mind. Security should be priority #1 from here on out. We are absolutely awash in performance and memory capacity but keep getting surprised by bad security outcomes because it's been second fiddle for too long.
Software is now critical infrastructure in modern society, akin to the power grid and telephone lines. It's a strategic vulnerability to neglect security, and it must happen at all levels of the software and hardware stack. Meaning, trying to crash an enemy's entire society by bricking all of its computers and send them back to the dark ages in milliseconds. I fundamentally don't understand the mindset of people who want to take that kind of risk for a 10% boost in their games' FPS[1].
Part of that is paying back the debt that decades of cutting corners has yielded us.
In reality, the vast majority of the 1000x increase in performance and memory capacity over the past four decades has come from shrinking transistors and increasing clockspeeds and memory density--the 1 or 5 or 10% gains from turning off bounds checks or prefetching aren't the lion's share. And for the record, turning off bounds checks is monumentally stupid, and people should be jailed for it.
[1] I'm exaggerating to make a point here. What we trade for a little desktop or server performance is an enormous, pervasive risk. Not just melting down in a cyberwar, but the constant barrage of intrusion and leaks that costs the economy billions upon billions of dollars per year. We're paying for security, just at the wrong end.