It'll calm down once the Antrophic and/or OpenAI IPO's are done, no need to protect themselves from people running local models by buying everything once the bosses have gotten their money.

Can we just go back to pre-{anything-here} world?

This is textbook negative externalities, of the AI buildout on everyone who isn't using RAM/GPUs for AI, of the use of electricity and water on anyone who isn't using it for AI. The cynic in me thinks this will go down in history alongside asbestos, leaded gasoline/paint, and the opioid crisis.