You seem to forget why the luddites were luddities in the first place.
Yes, fabric was much cheaper, but in the meantime they were starving to death. The groups that make billions off this technology will lobby to keep more of their earnings so this vast wealth redistribution you want to happen, wont.
Yes, fabric was much cheaper, but in the meantime they were starving to death. The groups that make billions off this technology will lobby to keep more of their earnings so this vast wealth redistribution you want to happen, wont.