Was thinking about this whilst watching Marco Polo on Netflix the other day. China gave the western world so much of it's tech, science and culture within the last millennium. How the tables have turned. I'd put it down to karma.
In general I think it will accelerate humanity's technological progress. Looking on an individual level the most impactful inventors weren't motivated by monetary reward (e.g. Tesla). If you are a true inventor it is a tap you cannot turn off. If you are a bro who is in it for the money chances are you will not invent anything particularly ground breaking. The major concern here is that it's the bros who control the capital.
In general I think it will accelerate humanity's technological progress. Looking on an individual level the most impactful inventors weren't motivated by monetary reward (e.g. Tesla). If you are a true inventor it is a tap you cannot turn off. If you are a bro who is in it for the money chances are you will not invent anything particularly ground breaking. The major concern here is that it's the bros who control the capital.