this post was submitted on 16 Feb 2024
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People can and have made the same argument about new technology since the dawn of the industrial revolution, but it hasn't worked out that way. Industrialized countries are synonymous with rich countries. The problem with new technology, both now and then, it's that the ownership of the means of production always becomes concentrated in the hands of a small class of people who have no interest in sharing their wealth. This far the benefits of technology have trickled down to the masses, but never without hurting a bunch of people in the process precisely because a few people have been allowed to hoard most of the benefits for themselves.
Yes, I'm aware. And that's precisely capitalism's heart, which means that to change that we'd need to topple capitalism itself.