To be fair, some improvements have been made, even at the feet of these giants, driven by government action and populist initiatives. This has been at the cost of concentration and increases in pollution and poverty in the poorest nations. The future looks bleak today, as the divide grows and progressive progress has all but halted.
I don't know what great inventions and technological leaps we are going to see in 2030, 2040, or 2050, but what I do know is that the benefits and wealth from them will be captured by the same class that is capturing everything today.
What is actually interesting is while the plutocrats and oligarchs have more leg room and better food on their private jet, the airplane itself doesn't move that much faster than me in coach.
You simply underestimate the financial mass of the mass market. These plutocrats and oligarchs only exist as part of a system with an even bigger mass market.
This time is not different.
What is interesting is that expensive iPhones are really not that great for society in the first place. It is not that they have iPhones and we don't. Rather, it is that we have iPhones and that is how we are controlled and the return isn't worht it.