One counterpoint is that the "labor as TAM" argument is far larger than it needs to be. Only a fraction of it needs to be captured to justify all the capex and make 5 new companies displace FAANG, and this does not have to translate to unemployment to succeed.

https://jodavaho.io/posts/ai-jobpocolypse.html

The difference in the unemployment vs efficient employment model is mostly user driven adoption vs company mandated adoption, or centaurs vs reverse centaurs.

https://pluralistic.net/2026/07/02/canonization/#operate-ite...

Thanks for the links, I had missed those. Also:

> Our democratic systems, laws, etc. are not built to do that, they are built on the idea of intrinsic stability of our world where incremental improvements do not need cutting through what was decided before.

Without totally derailing the thread, this is also obviously why climate and biosphere collapse is not (and likely will continue not) to be addressed, e.g. Timothy Morton's Hyperobjects

Saddle point is a nice way to put it.