If they would use the decreased prices of labor and increased production rate to supply the whole world with the goods they need, instead of decreasing prices and increasing production to enrich a few individuals, the world would already look so much better.
How do you get rich decreasing prices, except if that then expands your market so you can sell more, hence closing in on the goal of supplying "the whole world with the goods they need"?
Decrease production price, not necessarily retail price.
But even if they did decrease retail price, they would often only do it to drive competition out of the market, the competition too will be forced to either stop their business or fire most of their employees.
A lot of people become unemployed and poor, so there is less money in the hands of the common people, because there are less jobs.
But ironically there are more goods.
Less money, more goods, so even though the economy would imply (goods wise) that everyone can have a good live (there's more than enough goods to share with the whole world), the world at large is still poor, because most people can not afford those products because robots stole their jobs.
The mayor industries prefer to throw away 90% of their production to keep the price of the other 10% high! than to give away their goods.
This is the problem.
Also it's completely insane that some companies like shell ask high prices for oil, while oil does not belong to them, they actually bribed politicians in Africa and hired armies to drive farmers of their land forcefully to get the oil, and than sell that oil to you. Same goes for metals and diamonds.
World leaders are elected to SERVE the country yet they act like they are elected to GET SERVED by the country. The whole idea of countries needing protection in the form of armies against other countries is ridiculous. The fact that we have to buy land from someone is ridiculous, who decided that that land belongs to that person in the first place?
Why should we pay for bottles of water that are extracted from large spas that naturally occur?
Seriously, the economy and social politic structure of the world is very messed up and has been for hundreds if not thousand of years.