So now look at the different lens.

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

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.

But, good institutions could lead us to virtue.

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

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

You and I have common interests.

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

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

Our interests clash with theirs.

Minus 500,000.

The copyright industry is digging a grave for the internet.

I don't have much in common with my left handed boyfriend.

To work together in common cause.

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.

Let no one appropriate a common benefit.

Canning, the great British foreign secretary once said,

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.

We must always consider the public interest.

A benefit to both our worlds.

And if we see how they graphed things here, on the vertical axis, what we normally associate with the y axis, they graphed Abby's earnings.

I'll just abbreviate that as Nl.

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

Go ahead, eat.

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

Why not make cars that do not collide?

And that's my dad found that.

They are bound together by common interests.

You mentioned that you and I had... common interests.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

That is what America stands for that is the outcome that we will work for with sanctions and consequences for those who persecute and assistance and support for those who work for this common good.

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.

So then you're having, you have your net income, your net income during the period.

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

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

This is 350,000 of net income.

Why make this thing?

All the profits go toward Phillip's hospital bills.

The taxes will be 153,000.