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The Importance of Institutions
In a modern advanced economy, you don't need to get 40 families and all your friends and relatives together to spend a day raising a barn because we have people to do that. And so I think about this a lot about like, how do we create institutions? You've always said, look, institutions weren't just created so people could get together and feel like they were part of something. That's not the point of institutions. People create institutions to do things to get things done,. Whether it's lobbying government to get legislation passed or creating an opportunity for people to bold competitively.