how your "useful" subset of the 1% creates technologies which benefit humanity in the long run, but harm large numbers of individuals in the short run I think

how your "useful" subset of the 1% creates technologies which benefit humanity in the long run, but harm large numbers of individuals in the short run I think you forgot to add "in the current economical/social system". The technology never hurts anyone objectively, it always helps. It's us, humans, who decide that someone should be punished for the technological progress. ("You've been replaced by a machine, go eat cake. To celebrate our newly redoubled productivity, we'll let you starve.")