I think you could make identical arguments about any new technology. Amazingly expensive computers were once not very practical, it’s easy to point at any massive world changing tech and call it unethical, you can find these arguments about oil, railroads, 24 hour news, etc. and the same is true for economic incentives. Rubber barons and railroad tycoons were not well intentioned from this point of view. I don’t think there’s anything about AI that is inherently different from previous tech.

And isn’t that the entire point of the quote?

I’m not trying to be dismissive of your point, just to pose a counterpoint.