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

That just comes out of the definition of what equity is.

The limitation was that they didn't have any money.

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.

So we know that F is equal to mass times acceleration.

The province is relatively rich in mineral resources.

It's really old, and it's tired.

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.

The region is relatively rich in mineral resources.

That area is relatively rich in natural resources.

Where am I taking this money out of?

Supporting financially

It is physics. You know, the sort of first principles reasoning.

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.

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

liabilities plus equity.

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 are this great brand in the banking industry, wouldn't you

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,

Primarily a ground animal too.

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

Capitalist country.

Now we'll be needing more supplies!

A polite manner is characteristic of Japanese people.

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.

liabilities plus equity is equal to assets.