Today we talk of people as an asset.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

The advantage the country had was human capital nothing else but human capital.

Then there is the whole northern India, which is going to be the bulk of the future demographic dividend.

Look, an authentic voodoo doll.

Because it lacks the institutional, organizational, managerial forms to turn it into capital.

Well, you see self organizing patterns that spontaneously occur in this board game.

We have a way to look at Earth like that, you know,

This is a Japanese doll.

Why don't we form human social networks that look like a regular lattice?

What matters here isn't technical capital, it's social capital.

And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

So, this work with emotions, which are so fundamental, then got us to thinking about

Having lemonade.

There is also a strong belief, which I share, that bad or oversimplistic and overconfident economics helped create the crisis.

Let's think a little bit about leverage.

Now, look at this.

From 500, let's say it goes to 1000, then that 1000 is now essentially split among these 5 shares now.

This is just a formality?

Capitalist jihad. Smart.

Education helps to mold character.

This is natural from the environment, this clay.

People form society.

In Japan, people become legally of age at twenty.

In Japan, people legally become adults at the age of twenty.

In Japan, people legally become adults when they turn twenty.

Hopefully they add some value to our economy, and this diagram essentially explains what the financial system does, so in a capitalist economy, you have a lot of people with capital.

Where am I taking this money out of?

The individual is the fundamental element of a community.

That is a Japanese doll.

And this is very important.

I have decided to create a supplementary persona named Francois Dillinger.

It turns out that it's impossible to capture balanced parentheses with a regular expression.

It was the government that made law function finally.

So when you use cash to buy an asset, and that asset has a useful life that's more than just that period, you're essentially capitalizing the expense or you're essentially creating that asset on the balance sheet.

Beautiful that's what I like to hear.

And from a distance it appears that it's a single group.

That assets, A for assets, is equal to

But, to get there, the first thing to understand is just the capital structure and how capital markets work in general.

I think the first point to make is that we need to recognize natural capital.

Investment has to be, in the new economy, protecting and nurturing the ecological assets on which our future depends.

But we'll do a whole playlist on that.

With private ownership nonexistent, our wellbeing is on the rise.

We had a 10 return on assets.