No one knows what the right algorithm is, but it gives us hope that if we can discover some crude approximation of whatever this algorithm is and implement it on a computer, that can help us make a lot of progress.
Imagine if your success in life is determined only by your guts, your hard work, and your willpower, and not by the wealth of your parents. I think it'll be a much more interesting world. I think this could change the way the planet is run.
If you show a poetry professor your shiny new multiple choice teaching technology, he will invite you to exit his office.