Is Capital a Crucial Ingredient in the Standard of Living of the Masses?

The rise in the living standards is due to two factors, three, ah, maybe two and a half. And theni'll let you add and then i'm going to see how much you think is left for institution. So we have we have the technological change, which is, of course, it's it itself is indogedos. It just sort of happens, that that technological change, certainly, as it goes along, requires for it to continue the application of capital. But what i disagree with you is the counter fact, youare making the statement conditional on the institutions,. particular labor market institutions supported by the political institutions such as those seen in continental europe at the time