And in between, there should be a public agency, the Independent Service Authority, which channels public money, and especially donor money, to the retail providers.

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

But this is what we would like to see, isn't it?

One certainly can't argue with those numbers.

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

Today we talk of people as an asset.

Capitalist jihad. Smart.

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

Let's think a little bit about leverage.

China, I believe, still has some of the excellent raw fundamentals mostly the social capital, the public health, the sense of egalitarianism that you don't find in India.

That assets, A for assets, is equal to

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

But we'll do a whole playlist on that.

Where am I taking this money out of?

Supporting financially

The Organized Crime and Corruption Reporting Project is staffed by journalists and citizens where they are crowd sourcing what dictators and terrorists are doing with public funds around the world, and, in a more dramatic case, we've seen in Mexico, a country that has been racked by 50,000 narcotics related murders in the past six years.

It should start to make a little bit of intuitive sense

And that seems like a pretty reasonable proposition.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

Nothing like the resources of a CERN or a DARPA or an IBM or a Dupont.

And the world's first public park of modern times was in Britain.

Well, they lost, by entering into this transaction, essentially, they lost whatever equity they originally had in their house.

liabilities plus equity.

And when it inevitably does, the best and the brightest reach for the financial equivalent of the junk shot in this case, throwing massive amounts of much needed public money down a very different kind of hole.

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

In a world without leverage so if I didn't have all this

So this is just another visual representation that

less capital intensive that there's less money that's required

It doesn't sound like we borrowed money or anything.

We can start building local distribution, and actually, it can cost the public sector much less.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

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.

And so with patient capital from Acumen and other organizations,

But let's say its assets are worth 1 million.

And this is the number of people.

Capitalist country.

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

I'll do that in yellow.

Let's figure it out. It's equity.

One, what shares are share of

You love your heroes.

If it's right and proper for us to use the Freedom of Information Act and to use the court to force a disclosure about 60 million dollars in public money, it must be right and proper for us to force a disclosure about 24 billion dollars.

liabilities plus equity is equal to assets.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.