Albert Wenger

They can't go to the central bank and say, give me the money so I can make the loan.

No, I think that's exactly right.

I mean, and, you know, I think, you know,

even when you go back to the financial crisis, you know, we, we gave the banks a whole bunch of money and then like, it literally didn't take more than a year for the bankers to pay themselves like higher bonuses than the year before.

And you go, wait a second, you guys just basically went bankrupt.

If we hadn't bailed you out and you paying yourself these massive bonuses again, like something is wrong here.

The other thing you look at is like, we had banks that were too big to fail and now we have banks that are even bigger.

Yeah.

Why do they feel like, I think it's because, uh,

And I write about this in the book.

It's because we've come to see the world.

That's why the book is called World After Capital.

It's through this lens of capital, like capital is going to solve all problems.

And we've come to think of companies as being the sort of allocators and funds, as being the allocators and banks, as being the allocators of financial capital, which is sort of this intermediate stage to get to physical capital is what we care about.

But because we see it through this lens, and because at the same time, we also have this lens of, God, everybody has to have a job.

Your paid job is your purpose in life.

And if people don't have a job, they're going to do bad things, and they're going to be unhappy, and all these things that we've convinced ourselves of.

It's because of that that we just have this one mental model of how to address the problem, which is just give more money to the banks, give more money to the funds, give more money to the companies.

Instead of just saying,

wait a second, what if we give that money to the people and let them do what they actually want to do with the money?