Right now the system is designed and developed in a way to scam the public. I've used the word scam, because the system looks to be perfect when viewed from outside, but in depth it is bad and has got flaws. These flaws are used to steal the people's money. I state this based on the infrastructure of my country.
Well there is no system that has no flaw. It all applies to all system that is created by people. But I believe system is created to just to set standards and protects people but alas many officials exploited this system according to their likings.
As of the technology, every change in technology affects the economic system. For example, when machines were created, lots of people lost their jobs. It maybe cost efficient for the company owners but it sure takes away the earning capability of many workers. Technology had been a double edge sword but regardless, it is up to the authority on how they will use them.