While the latter part of your statement is reasonable, it is also only opinion. Many people would prefer a less technically advanced society. This forum, for instance, is about as simple as it gets and that is to it's credit.

The initial point misses a fairly significant consideration though. A huge number of advancements are publicly funded. That public funding turns into private profit. People largely unaware of that fact, recently were made aware with the massive vaccine development spending that led to record shattering profits for pharma companies. To cite just one prominent example in the last few years.

Edit: shout out to text only