Oh, it absolutely can work! What you describe makes sense, I'm just not particularly optimistic that it will be allowed to happen at all. If it's a technological inevitability, what I expect to happen is for a self-defeating version of your model to be rolled out at a snail's pace, so that the people who depend on the old ways have the time to live their life, die, and be replaced by ones who'll be like "hey, this was tried last generation and didn't work" (because it wasn't actually tried). Meanwhile the people excited about it will have time to go through enough stages of grief in recursive iterations to forget what they were even excited about.