Here's an insightful excerpt from a speech entitled "Informing Ourselves to Death" by Neil Postman
Technological change is always a Faustian bargain: Technology giveth and technology taketh away, and not always in equal measure. A new technology sometimes creates more than it destroys. Sometimes, it destroys more than it creates. But it is never one-sided.
The Benedictine monks who invented the mechanical clock in the 12th and 13th centuries believed that such a clock would provide a precise regularity to the seven periods of devotion they were required to observe during the course of the day. As a matter of fact, it did. But what the monks did not realize is that the clock is not merely a means of keeping track of the hours but also of synchronizing and controlling the actions of men. And so, by the middle of the 14th century, the clock had moved outside the walls of the monastery, and brought a new and precise regularity to the life of the workman and the merchant. The mechanical clock made possible the idea of regular production, regular working hours, and a standardized product. Without the clock, capitalism would have been quite impossible. And so, here is a great paradox: the clock was invented by men who wanted to devote themselves more rigorously to God; and it ended as the technology of greatest use to men who wished to devote themselves to the accumulation of money. Technology always has unforeseen consequences, and it is not always clear, at the beginning, who or what will win, and who or what will lose.