[arkades]

Criticism: Academia fails to model the real world, in contrast to industry ("is way behind industry").

Response: An entire industry of competing and well-funded actors that specialize in modeling and predicting expensive failure states also failed to model the world accurately.

Implication of Response: Where is the evidence that this is inferior to industry?

[no-s]

>>Implication of Response: Where is the evidence that this is inferior to industry?

A meta implication is that expert models were insufficient to inform decisions.