>It’s like worrying in 1960 that the companies that invented computers will hoard the benefits of computing.

Isn't that what happened? There was enough competition among computing companies that they weren't able to completely monopolize all the productivity improvements, but the financial benefits were mostly captured by the capital class in one way or another.[1]

TVs might be cheaper today and we all like watching Netflix, but I'm skeptical of the idea that the financial wellbeing of the average American has been improved by computers.

[1] - https://www.cbpp.org/research/poverty-and-inequality/a-guide...