So now look at the different lens.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

Also, in the interest of security and public safety...

The copyright industry is digging a grave for the internet.

Let no one appropriate a common benefit.

We must always consider the public interest.

There is no interest... in the common good.

But I think we have to understand where this leak really started from.

It wasn't considered an honor, it was a public service.

They allotted the profits fairly.

And government has certain benefits it can uniquely bestow on these markets.

If they start to abuse their power, serving the interests of a selected few, instead of the common interest...

This is really important to pay attention to, because so many people say, oh, a company made this much.

But here you see it means very, very different things.

Why not make cars that do not collide?

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

And I wondered who was doing these kinds of films today.

Our interests clash with theirs.

Minus 500,000.

We need better places in this country. Public space.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

If we can put those two together in a safe space, get them to work together, we can deliver public goods right now, or in extremely short supply.

Kill the goose that lays the golden eggs.

And so you can already imagine that both EBlT and the way I defined it initially, operating profit divided by assets.

The park is common property.

A benefit to both our worlds.

I'll just abbreviate that as Nl.

Go ahead, eat.

And when people talk about earnings of a company, this is what they're talking about.

So she ran away from home. And then went astray.

And that's my dad found that.

So, that's one general conclusion about why societies make bad decisions conflicts of interest.

So the key question that we need to think about as we look at this is how do we work together to produce global public goods, things from which all of us can benefit?

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

Individual actors, by essentially pursuing their own self interested ends might be doing more for society than than if any of them actually tried to promote the overall well being of society.

And let's say, assume if I inherited this million dollars, I didn't finance it.

And this is from his The Wealth of Nations, published in 1776, coincidentally, the same year as the American Declaration of Independence, and it's one of his most famous excerpts.

And so don't confuse big company partnering with startup strategy.

This is 350,000 of net income.

Why make this thing?