Fundamentally and writ large, tech makes us more efficient. Efficient means doing more with less labor. Which is good because it is deflationary: things get cheaper over time from tech advances, and without any tech we would all be subsistence farmers.
But it also means that yes, tech intrinsically enables capital to do more with less labor, thereby shifting the balance of power towards capital and empowering those with more capital.
What ‘we decide’ to do with that is another largely unrelated matter.
Those big anti-capital actions took bold class-betrayals from the inside. Notably Teddy Roosevelt (born with a silver spoon but wished he’d been in a log cabin) going after Standard Oil after taking their money for the campaign.
But it also means that yes, tech intrinsically enables capital to do more with less labor, thereby shifting the balance of power towards capital and empowering those with more capital.
What ‘we decide’ to do with that is another largely unrelated matter.