Two economists just modeled what everyone feared: rational firms will automate past the point where workers and owners alike end up worse off. They found exactly one fix, and it needs an authority that doesn't exist. The real answer was never a tax. It was an architecture where the value never leaks.

Three identities have fallen across this series. The worker. The credential-holder. The owner. One remains and it's the one most people actually live in. The consumer was never sovereign; it was the architecture's exhaust valve. What replaces it is not another identity. It is a position: The Participant.