What I want to understand is whether or not that technology is creating more value.
I think the question to ask is value created for whom. Based on my personal and probably biased opinion, value is not created for the greater good but for the capital owners and shareholders.
And if so than more technology means more value which means we can eventually get to a place of so much societal surplus that we can reorchestrate soceity to enjoy the benefits of it.
Again, my opinion, but it’s not in the DNA of a capitalistic society to have surpluses so someone will capture it and try to squeeze out more. So in the event of a seismic technology advancement, my dystopian view is that the poor will not reap much benefits, and instead of billionaires, we will have trillionaires.
So that’s where my question is. If a company experiences a +30% efficiency boost due to technology, does soceity benefit from it?
I think if there is a counterbalance to capitalism and corporate greed then yes, some of that value will come back to society. Perhaps an improved medication at cost, better transit, emergency response technology… But if we leave it in the hands of capitalists they will enrich themselves very quickly.