I agree in some ways. However, stock growth does the precise opposite.

Look at how many times corporations have laid off workers for the sake of stock growth.

Yes, technology can be an opportunity but only if we implement economic policies which provide for general income, such as UBI. If automation continues to eliminate jobs, it will mean a smaller and smaller percentage of the population has an income and competition for remaining jobs will result in ever-decreasing compensation for those jobs. We’re already seeing that happening now.

Without implementing a system such as UBI, capitalism itself will collapse. A healthy economic system relies on consumer spending.