Yes. The future is something that we shape by the decisions we make.
In order to get to a better future, we have to go through ups and down, continuously rising up over the long-run.
As we over-optimize for one goal, we inevitably neglect something else, and then we have to go and fix what has been neglected. The same has been true for human-powered decision making, and is true for algorithmic decision making.
Although it may seem the opposite, but as technology gets better, we are able to respond and course correct a lot faster than generations before.