But we need to think broad scale. We need to think globally.

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Power Management

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.

Power Management

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Power Management

The we connotes community the extended family system.

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It was the government that made law function finally.

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This is international common sense, the great principle of resource management.

And this is very important.

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

Manager?

(Applause)

As loadmaster,you're in charge of everything that's brought aboard the aircraft?

Look. This company over here, we're going to issue more shares, for more people to contribute money

I'm the custodian.

Control insisted on that?

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She's a what?

So I'm going to talk about some projects that have explored these ideas.

And you hear the words scarce resources a lot when people talk about economics.

The groups online presence was hacked into, defaced and

The year goes by, and then even after paying Pete the 1 , so we had 500 of assets under management this whole assets under management a year later goes to,

Look, I'm going to create a corporation, and I'm going to get a bunch of people to contribute money to that corporation and then I'll manage that money.

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

Elinor Ostrom, the latest Nobel laureate of economics, clearly shows empirically across the world that we can govern the commons if we invest in trust,

So Bill Gates, as he was staring out at the audience, he said,

I'm talking about things like the mechanisms that prove our identity, the licensing authorities that know what each of us is allowed to do legally at any given time, the processes by which we resolve disputes through official channels.

But it's not just about dollars and impressions.

Then let me offer my conclusion first. Control himself was running an agent.

Where do they get their water? Where do they get their shelter?

The province is relatively rich in mineral resources.

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