The man who wants to be CEO, because he gets to be important, should not be CEO. The man who does not want to be CEO, because he gets the importance… - Balaji Srinivasan

The Industrial Revolution improved everyone’s life, in the long run.

But in the medium run, it caused the rise of communism, the murder of capitalists, and the advent of world war. Technological advance caused political chaos.

Then again, would you prefer no electricity?

You cannot automate something until you’ve done it manually many times. Control all of the factors and show technology cuts costs. Remember, for many legacy companies, information technology is only a cost center. They only adopted the code. You were born in it, molded by it. A full-stack entrant into a new vertical is formidably protean. You can morph your product just by hitting keys. Tesla’s over-the-air updates for its cars are a fantastic example.

You can do technology without building capital (eg open source).

You can do capitalism without advancing technology (eg small business).