I have similar fears. I honestly think that this may be the mechanism by which the global capital order falls into a version of late-Soviet decay and collapse -- a major boon to the oligarchs, just as it was in Russia.

Just as the production and service bureaucracy of the USSR ceased to care about the value of their work (so long as they technically fulfilled their plan), we are possibly headed for a world where all the "real economy" workers (in manufacturing, logistics, etc.) will be guided by the output knowledge workers and managers driving AI, who are being judged by yet more management using AI, who are ultimately judged by investors using AI and the whole thing gets disconnected from any actual ground truth -- just as planning did in the Soviet case.

When the whole thing collapses, somebody will be around to pick up the pieces (and valuable capital equipment, land, etc.) for pennies on the dollar. I suspect the kernel of whatever comes next will come from China, but also suspect it will bear more than a passing resemblance to Putin's Russia -- a small clique of rentier-gangster kingpins semi-legally seizing everything in sight and cobbling together an autocratic oligarchy that creaks along without meaningful challenge.