This really isn't something I know all that much about, so found this very interesting. I would imagine his numbers fairly accurate, so have no real argument against his claims. Watch the vid and let me know what you think. Frankly, I found myself agreeing with the man.
I would like to point out a lesson Miles taught me: Who Profits. If something seems to be completely backwards and doesn't work, yet there is a push for it, seeing Who Profits will tell you why. hugs.