If we had spent the money on bread for the poor instead, we wouldn't be facing an existential threat created by our lack of understanding of the consequences of our actions, and our collective inability to respond to that effectively.
You really want to have 10 kids and have 50% or more of them die before 10 years old? You want a world before penecillin and antibiotics? No computers? No travel. Women getting marrried off at 15 immediatly pregnant. Most of the world in absolute poverty. Destroyed by a single bad season. Mass famines, plagues, tribal warfare that sweeps over your village. No clean water and soap. malnutrition.
These are just non problems for huge portions of the planet now.