AWS certainly also does daylight robbery. In the AWS model the normal virtual servers are overpriced, but not super overpriced.
Where they get you is all the ancillary shit, you buy some database/backup/storage/managed service/whatever, and it is priced in dollars per boogaloo, you also have to pay water tax on top, and of course if you use more than the provisioned amount of hafnias the excess ones cost 10x as much.
Most customers have no idea how little compute they are actually buying with those services.
Where they get you is all the ancillary shit, you buy some database/backup/storage/managed service/whatever, and it is priced in dollars per boogaloo, you also have to pay water tax on top, and of course if you use more than the provisioned amount of hafnias the excess ones cost 10x as much.
Most customers have no idea how little compute they are actually buying with those services.