You could have made the same statement initially about electricity, first cars and airplanes. Today, these technologies have reduced poverty across the world.
Any top down plan to “alleviate suffering” usually produces the opposite result.
This is an excellent opportunity to step back and think about value creation and the real sources of progress. Unrestricted innovation is the answer because no one can predict what “really helps” in advance.
The trial and error PROCESS must continue. We must encourage top talent to always seek to do more, and do more with less.
Signaling virtue as you did is EASY. Anyone can do it, there is no shortage of people who WISH to split the pie differently.
Adding real value is much harder.
All, we give WAY too much importance to those who proclaim wishes, not enough to actual producers and innovators.