The narrator makes a number of compelling points, but the analogy to horses is lame.
Horses don't vote, stage mass demonstrations, discomfit robber barons or sabotage factories.
On a larger note, economic determinism of whatever kind is fundamentally flawed in that people are assumed to behave like so many cogs in a social machine.
But inanimate objects do not reflect on their situations, nor do they seek to change them.
We need to consider what sort of civilization we want.
We must never become slaves to the machine.