Its a matter of growth at all costs, vs sustainable growth, vs degrowth.
As a rule growth leads to an improving standard of living. Growth at all costs leads to an improving standard of living to a point, but after a time the wheels will come off, because the government WILL become involved calling balls and strikes - they'll have to - inviting corruption, as we see Amazon and Google et al having virtually purchased Washington DC, and coercion at the point of a gun. This is where the US has been for some decades.
Sustainable growth happens when individuals are allowed to progress as far as their personal skills, innovation and energy will take them, with the ONLY role the government playing is as a guarantor of security and occasional arbiter of disputes. Human nature will seek its natural level - some excel, for most simply earning a living will suffice, and a few will fail - and moderation will result.
Degrowth will lead to anarchy, as sure as hell. It is just not in the nature of a civilized, open & free society. Which is why the idea so appeals to 'progressives', I suppose.