I think I've personally come to a conclusion that it all boils down to the money. Technology advancement makes life easy, but then somehow life keeps technologically better because of it's financial prospect. I think if technological advancement doesn't guarantee money for business business, then we might have still been in 1800s.
I think the pharmaceutical industry is by far the most guilty party here.. I understand that money most be made and scarcity has to fuel need, but it's really diabolical to keep people from getting cured, because of the constant need to keep producing expensive medications.
@tipu curate
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Money is a key driving force. I think it always has been. This is less of a problem when there is competition. However, for reasons I described in the post, there is limited competition in developing technology. The benefits accrue to the few. On top of that, Governments intervene to support the development of technology that aligns with their agenda. Overall, the benefits to the majority are dwindling.
Third world countries are far behind when it comes to technological advancement, so yeah I also agree that there are no competition in this regard. It's also very saddening because there are areas that requires the intervention of modern technology, especially in areas with incurable ailments, but yes. Governments only wants to fund what benefits their agendas.