alt Hacker NewsOr 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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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.
Reaganomics has never worked