PART 3 - THE THIRD AXIS CHAPTER 14: AGI & THE SYNTHESIZER Are We Replaceable Batteries?

"AI infrastructure investment risks becoming the greatest misallocation of capital in business history if the anticipated productivity boom fails to materialize."

Shankar Parameshwaran's September 2026 report on Wharton research explicitly presents unprecedented capital misallocation as a conditional risk of insufficient AI productivity. It directly supports the chapter's financial warning in evidence-safe conditional form.

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