it seems to me that the problem is quite the opposite. people believe that the "importance of allocation of capital" (good euphemism by the way) is WAY more important that it really is. do we need extra personalized ads in each of our machines? do we need instant financial trades and people optimizing instant transactions? We don't need a sophisticated AI to "inform" the customers.

there is a ton of things that are there simply because at some point people made money out of it, and then lobbied politicians to death to avoid regulation.