That utilitarian worldview is a slippery slope. History, classics, literature, pure maths, theoretical physics... don't offer inmediate economic benefit to individuals or society, but they are still knowledge and the must be protected. The University is not a factory of workers.
Would you rather live in medieval times or now? Would you not agree that technological advancement makes things better, generally speaking?
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To answer the second question accurately, you'd need a historian. The industrial revolution didn't make things better at first, only long-term. The agricultural revolution made things worse long-term (less varied diet, shorter life span). It's a matter of perspective.
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To provide answers that aren't ideological platitudes one needs data. And historical data aren't easy to find. It needs time and work, and it isn't profitable short term. You can make way more money making things up and selling them to your ideological market. Why bother then?
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