Post-AGI economics paper argues employment policy is obsolete and ownership policy is everything

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Sahil Sharma's August 20 preprint attacks the standard demand-side objection to full automation, arguing that an economy where machines both produce and consume closes demand as a von Neumann expanding economy with a well-defined positive growth rate even at zero human consumption. Manufacturing agents instead of raising humans over twenty years removes the demographic ceiling on growth, and under optimal growth where the interest rate equals the growth rate, any human consumption out of wealth decays the human ownership share exponentially. The conclusion is a policy one: outcomes hinge on what fraction of the machine economy humans hold title to, not on job availability.