The promise of tech has been that if we let it rip, we'll have a better democracy and living conditions for all. That promise has failed to materialise, for a variety of reasons. There is increased surveillance, enshittification, huge subscription fees, and upward pressure on climate change (directly linked to bitcoin mining then AI data centres). Then you get Musk lobbying against a city's plans to build a public transport network, so he can build an unsafe single-car tunnel for the rich.

I think people are quite justified in being skeptical of new technology, especially when the track record has shown that the promised societal benefits often never actually materialise. Worse, still, the money earned from selling the new technology is used to make conditions worse for most people. Big tech has a lot to answer for.

I'd be less skeptical if the values of tech capitalism shifted to become more pro-human. They really haven't, and they probably won't. So for now, consider me bearish on new tech.