Earlier quoted context omitted.
Let's not exaggerate here, the software industry managed to deliver software for on-premise use for several decades.
This is very circular -- yes, that's true.. and because it was so difficult everyone, vendor and customer alike, moved towards SaaS hosted offerings. There has to be a name for this argument-type: A leads to B, and those who seem to know only B start arguing for A because they don't remember why A lead to B in the first place. I see this all over the place.
I know as a consumer I'm much more reluctant to buy a new subscription product than I am to make a single purchase, but the options get less and less every year.