[rglullis]

Author's reasoning suffers from the problem of trying to apply old models into new environments.

For instance, the mentioning of impossibility of credit, or how that manufacturers won't be able to finance new products with a long-ish development cycle, and how that is only beneficial for the wealthy.

He would be right if we lived in a world where the only possible way to do business is to create the product first and sell it later. I would argue the opposite. Futures markets already exist. I can buy a house when it is still just a blueprint and a folder with nice pictures. In fact, I wish people could do the same with phones, groceries, clothes, electricity...

The more certainty we have about money flowing around, the easier it is to have efficient financial products. The less risk there is. And the less risk there is, the easier it is to provide credit affordable to everyone, including the little guy.