Eric,

You are overlooking the primary area where this is already occurring, in the finance industry. As all possible value is leveraged out of everything and the economy implodes, as every other aspect of life is drained of resources to feed the Beast. Boeing would be one of the more obvious examples, but this need to sacrifice all else to the quarterly bottom line is becoming evident in many areas, from health care to the military.

The reality is that finance functions as the value circulation system of the community, like the heart, arteries and blood are to the body. When it becomes a wealth extraction mechanism, the community dies as surely as the body would. Until these conceptual issues are ironed out, AI is only adding to the problem. Here is an essay where I tried going into it further;

https://medium.com/dialogue-and-discourse/the-worm-in-the-apple-of-modern-capitalism-a46081000d5a