Just as we have collectively loosed carbon into the atmosphere, let's loose wealth (peacefully) from its vast sinks. Concentration sucks up lots of entropy, whose reduction we all pay for. (noted above)
All so that the wealthy can leave that treasure to progeny that hate them.
The SaaS correction was nothing. But a repeat of the dotcom crash will occur for AI soon which won't be a surprise, especially before 2030.
A hint of this is three questions:
What does "abundance" actually mean?
Who is it (abundance) really for?
Who gets to decide and is trusted to deliver this "abundance"?
It depends on who you ask, even if you replace "abundance" with "democratization" or "AGI".
"Abundance" does not mean what you think it means to the author(s), VCs, AI researchers, CEOs and common man because just like "AGI", it is about to become meaningless.