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It's destroying the planet's habitability.
When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realize that one cannot eat money.
Money has no intrinsic value at all. The true wealth is labor. Labor has actual value. The masses own the wealth and we give it to others in exchange for "money". The power of the rich only remains for as long as they can control the labor. This is why they spread so much fear about AI "taking your jobs". Every time AI and automation take away a job, it takes away a little bit of power. Because capitalism has taught us, all things being equal, the service or product that costs less is what we buy. Products with an AI labor force don't have to pay for that labor, and capitalistic competition will drive the prices down. As more and more labor is shifted to AI and automation, those who controlled human labor, the actual wealth, will lose control of that wealth.
If they are unable to stop it, the eventual progression would be replacing all human labor and do away with the need to even have a money system. This will do away with wage slaves, and allow us to focus on learning and having fun. But the billionaires would be no different than everyone else when that playing field is levelled. They hate that. They oppose it. They try and manipulate us to fear AI and to resist it. Capitalism is truly just another system of control.