Malthus versus and/or the Singularity

Both scenarios characterize (exponential) compounding as unsustainable[1]. Malthus culminates in calamity and the Singularity in transcendence.

HT to Glen Reynolds, who links to John Tierney's "Malthus v. the Singularity".

Is the Singularity a deus ex machina that descends at the last moment to foil Malthus by snatching us into a higher plane?
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[1] Sherlock Holmes said, "Indeed, I cannot think why the whole bed of the ocean is not one solid mass of oysters, so prolific the creatures seem," but he was feigning delirium. What would he think today? Victorians were optimists and IMO Holmes would wager on the Singularity over Malthus.