Modern technology is great. It's massively cheaper and more performant for orders of magnitude less money.

Performant and cheaper are not inherently good things. LEDs perform a shit ton better than incandescent bulbs and are cheap as hell. But we fundamentally didn't need more cheap light for 95% of consumer use cases. Now light pollution is climbing exponentially, 10% per year.

Consumer compute was atrocious to start, but reached a useful level where it unlocked a ton of value for people. Graphics at a legible fidelity, replacing paper documents, data over networks, responsive input, portable-ish laptops, etc...

Now we've got more compute than we'd ever reasonably need as a species. Landfills full of IoT waste, datacenters filling up with cheap bytes where only 1/10 will ever be read, drones dropping bombs and gearing up to monitor our every move, trillions of Kw/hr spent driving it all every year...

And what novel value has been unlocked by this glut of compute that we didn't have before? On-demand AI meme videos?

Sure I can spend a few hundred bucks on a personal LED lightshow that would have cost tens of thousands a few decades ago. And sure I can spin up a home lab with more functionality and power than was even available 20 years ago. But what have I actually gained?