[_sh4dow_]

I don't think the problem is technological growth itself - the amount of humans on earth and the way incentives are misaligned in a way that wastes large parts of total "effort"/resources are much larger problems IMO.

A society where there was a system that reliable aligned incentives between (eg.) consumers and producers might already reduce resource consumption by an order of magnitude, and would remove most of the "arms race" mentality in risky developments like AI.

Whether we can create such a system in time is a big question though...

(as an aside, while neither socialism or capitalism do anything significant to solve this problem in their current forms, I don't expect either to be incompatible with such an alignment system)