All three pieces are really one argument: the junior-IC pipeline is broken, the revenue numbers are finally undeniable, and the governance frameworks meant to manage what comes next are structurally captured by the same capital pressure driving the growth. The NBER paper shows who absorbs the restructuring cost at the firm level; the Atlantic piece shows the revenue acceleration that's funding it; the FT piece shows why no one in a position of institutional authority has an incentive to slow it down.