“embed the values, aims, and interests of mostly white, mostly male technologists working in mostly profit-driven enterprises.”

This is the correct take, I think. Algorithms could (and can) produce much better outcomes than human driven systems. But when they’re wielded by capitalists, that not what they’re built to do. Human wielded by capitalists suck, but they also (often) have compassion, conscience and some awareness of the outcomes they might be contributing to, and so they don’t always make decisions / take action exactly the way the capitalists would have them do so. Algorithms on the other hand do exactly what they’re told to do, exactly the way they’re told to do it, no matter who is telling them.