And so it makes me more concerned for us to tell this story right, to set the terms right, to make the argument right, and ultimately to win the argument against those who I think would favor a much more primitive Uh, form of American capitalism.

Yeah, I would agree with that.

I might...

I'm not even sure if it's a little pushback, uh, but on the topic of private markets, you know, private markets sound like it's a private club and you're not allowed, and so you don't get to play or something.

It's, it sort of comes off the wrong way, but of course, it's not quite like that.

Private markets have always existed.

The, one of the reasons, in my opinion, that they have really enormously increased is frankly regulatory arbitrage.

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