The mistake here is the nature of capitalism. In reality, when you see a bunch of companies beginning to turn everything into "a field of strawberries", something is going extremely right. Why? Because capitalism is working based on needs, and it means it found a way to satisfy a very deep (or very wide) need. At the end of the long chain there are people that are more satisfied with their lives than before.
As for being afraid of this? Hogwash. In nature every exponential curve is the beginning of a logistics curve. And the more complex the system, earlier the curve flattens. If you burn a forest it'l taper only when it has nothing left to burn. If you try something similar in a human society, it will find blockers long before that.
And that's why we should be more afraid of AI - there is the chance (small, true) that to an AI our society is as uncomplicated as a dry forest, and the feedback mechanisms that hold us in place just don't apply to it.
"This summer, Elon Musk spoke to the National Governors Association and told them that “AI is a fundamental risk to the existence of human civilization.” Doomsayers have been issuing similar warnings for some time, but never before have they commanded so much visibility.[...]AI redesigns itself to be more effective, it might decide that the best way to maximize its output would be to destroy civilization and convert the entire surface of the Earth into strawberry fields"[...]
"This scenario sounds absurd to most people, yet there are a surprising number of technologists who think it illustrates a real danger. Why? Perhaps it’s because they’re already accustomed to entities that operate this way: Silicon Valley tech companies."[...]
"The idea of superintelligence is such a poorly defined notion that one could envision it taking almost any form with equal justification: a benevolent genie that solves all the world’s problems, or a mathematician that spends all its time proving theorems so abstract that humans can’t even understand them. But when Silicon Valley tries to imagine superintelligence, what it comes up with is no-holds-barred capitalism."
https://www.buzzfeednews.com/article/tedchiang/the-real-dang...