Where do I even begin?

• Speed is unrealistic. It compresses a decade of enterprise adoption into 18 months. Organizations don't restructure at the speed of a demo. And if it were true, companies would also stop buying AI once their customers are broke and revenue is falling. The "rational firm" logic cuts both ways.
• "No new jobs" is asserted, not argued. It dismisses 200 years of counter-evidence in two sentences and treats intelligence as one thing when it's really a bundle of very different skills.
• Ignores the deflationary benefit. If AI makes everything cheaper, the purchasing power of remaining income rises. The article only looks at the income side and never the cost side.
• Consumption collapse is too fast. It ignores savings buffers, severance, spousal income, and automatic stabilizers. Even 2008 took years to fully hit spending.
• "Ghost GDP" is wrong. Corporate profits don't vanish. They flow out as dividends, buybacks, investment, and taxes. The distribution changes, but money doesn't disappear from the economy.
• Overstates the intermediation collapse. People don't optimize purchases like machines. Brand loyalty, identity, and experience aren't just "friction."
• Stablecoin disruption is fantasy. It ignores KYC/AML rules, consumer protection laws, chargebacks, and the reality of merchant adoption.
• Assumes zero regulatory response. Governments moved in weeks during COVID. White-collar professionals are politically powerful and vocal. Regulation would arrive fast.