Investing in investing

- So today, we're going to look at how to convert money that's saved into sustained levels of prosperity by domestic investment. And in order to do that, you need to build the capacity for domestic investment. And we're going to call that investing in investing; investing in the ability to invest well. Remember, you don't want to do a Norway. You don't want to save the money in some financial pot abroad. That's a good idea for Norway 'cause it's so stinking rich already. It's a really stupid idea for a poor country. In order to get rich, you've got to invest domestically. The return on international financial capital at the moment is at best about 1% a year. If you invest well within a country, you can get a return of maybe 15%. So the difficulty is building the capacity that gets you those 15% investments instead of the useless investments, the concrete monuments that actually are called investment, but are really just…