I was mostly thinking of the efficiency assumption underlying almost all the scenarios. Critch assumes that a significant chunk of the economy always can and does make the most efficient change (everyone replacing the job, automated regulations replacing banks when they can’t move fast enough). Which neglects many potential factors, like big economic actors not having to be efficient for a long time, backlash from customers, and in general all factors making economic actors and market less than efficient.
I expect that most of these factors could be addressed with more work on the scenarios.
I was mostly thinking of the efficiency assumption underlying almost all the scenarios. Critch assumes that a significant chunk of the economy always can and does make the most efficient change (everyone replacing the job, automated regulations replacing banks when they can’t move fast enough). Which neglects many potential factors, like big economic actors not having to be efficient for a long time, backlash from customers, and in general all factors making economic actors and market less than efficient.
I expect that most of these factors could be addressed with more work on the scenarios.