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If the human race is wiped out by global warming I'm not so sure I would agree with this statement. Technology rarely fails to have downsides that are only discovered in hindsight IMO.
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Sure, but would it have been better or worse for the Luddites?
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Or perhaps they would have advanced the cause of labor and prevented some of the exploitation from the ownership class. Depends on which side of the story you want to tell. The slur Luddite is a form of historical propaganda.

Putting it in today's terms, if the goal of AI is to significantly reduce the labor force so that shareholders can make more money and tech CEOs can become trillionaires, it's understandable why some developers would want to stop it. The idea that the wealth will just trickle down to all the laid off work is economically dubious.

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Reaganomics has never worked
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> Reaganomics has never worked

Depends how you look at it.

Trickle down economics has never worked in the way it was advertised to the masses, but it worked fantastically well for the people who pushed (and continue to push) for it.

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Sure, because it all trickles into their pockets.
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problem today is that there is no "sink" for money to go to when it flows upwards. we have resorted to raising interest rates to curb inflation, but that doesn't fix the problem, it just gives them an alternative income source (bonds/fixed income)

I'm not a hard socialist or anything, but the economics don't make sense. if there's cheap credit and the money supply perpetually expands without a sink, of course people with the most capital will just compound their wealth.

so much of the "economy" orbits around the capital markets and number going up. it's getting detached from reality. or maybe I'm just missing something.

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Yeah it's called wealth transfer and the vast majority is on the wrong end.
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