It's a special interest group?

What's in it for the institution?

And women can no longer be both half the population and a special interest group.

One blueprint for trouble, making collapse likely, is where there is a conflict of interest between the short term interest of the decision making elites and the long term interest of the society as a whole, especially if the elites are able to insulate themselves from the consequences of their actions.

Unless you're the ballet theatre of Hartford, the purpose of a business is to make a profit.

He was a good another.

Peter The greatest benefit to all.

I'm going to just end with a positive, nice little story.

So we've already made a partnership, set up through somebody from the TED community,

We are not selling Freedom Boxes, we are a non profit organisation.

A company is a business organization with sales, a product, or service in exchange for revenue and profit.

You can talk about the Humanities and that sort of thing, but let's talk about selfish things.

So explicitly for the purpose of this class, I'm eliminating nonprofits.

And it was primarily because Kiribati realized that this was in their own self interest to do this.

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.

Minus 500,000.

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

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

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

I'm running a business here, right?

I'll just abbreviate that as Nl.

And so the Investment Bank could then sell shares.

That's right,spe. Special purpose entity.

Go ahead, eat.

A for profit like Google, sometimes backed by the NSA?

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

Special

Our interests clash with theirs.

Spe stands for special purpose entity.

This will be difficult.

(Applause)

But it doesn't have to be that way.

It is special.

Harold Gould, and special guest star, Celeste Holm.

Special treatment for the special boy!

Kill the goose that lays the golden eggs.

So, One Laptop Per Child was formed about a year and a half ago.

So in the for profit sector, the more value you produce, the more money you can make.

For what?

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things