> Everything therefore becomes a hobby or a game. People do things because they enjoy them for their own sake, or because they are endeavours used as vehicles to socialise and enjoy others’ company, or because a shared social belief exists and is cultivated such that doing such and such a thing confers social status.

There is actually a big leap in logic you’re doing here that it seems you are naive to. The world looks the way it does today because human societies, businesses and individuals are fundamentally in competition with one another for scarce resources, and having more resources leads to more capacity to survive, so there is always an incentive to acquire more. If you can no longer compete, you can and will be exploited. You don’t have to look very hard, far or back in time to realize that this is what society looks like. If everyone is incapable of competing except those who can afford to run a datacenter, that will not end up in socialist utopia.