That's not a generalization, it's a misunderstanding. Not every program can benefit from doubling transistors because not every program is written to minimize s

That's not a generalization, it's a misunderstanding. Not every program can benefit from doubling transistors because not every program is written to minimize serial computations and the impact of memory latency. The reason Moore's law was insightful was because he didn't make the simplistic generalization of computing power (which is more difficult to quantify anyway) and looked at what was really happening on a fundamental level from an engineering perspective.