[pryce]

I understand some startup deciding to take a punt on "this will all work out financially if our new product demonstrably boosts productivity of large sectors of the economy by a breathtaking factor that's incredibly rarely ever happened before in history: 2x. Sometimes a plucky group of people take a risk, it pays off. If it doesn't work, the company fails.

What I do not understand is: large sectors of the economy all simultaneously taking this punt, with the necessary productivity boost, as you say, far more like: 2x, 5x, 10x