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A structural explanation—and a fiscally neutral alternative.
Governments are capable of funding almost anything—yet they repeatedly fail to sustain the things that matter most.
Across jurisdictions and sectors, the pattern is familiar:
This happens even in fiscally responsible systems, under conservative and progressive governments alike.
The problem is not political will. It is not corruption. It is not incompetence.
It is a structural flaw in public finance.
Because these things do not fit cleanly into existing accounting categories:
They are capital continuity—and public finance has no ledger entry for it.
Debt and grant funding decay over time; regenerative capital maintains and compounds.
Only regenerative capital maintains value over multi-decade horizons
When systems cannot represent something, they mismanage it.
Long-term public assets are repeatedly forced into one of two incompatible forms:
Creates pressure for short-term performance and refinancing risk
Decay immediately after disbursement
Both approaches treat continuity as an externality.
This is not overspending. It is misclassification.
Injecting additional funding into the same architecture:
It does not increase resilience.
In many cases, it makes failure more expensive.
The issue is not the amount of capital. It is the geometry of capital.
This work identifies a fourth capital class that is largely absent from public balance sheets:
It is designed to stay in the system, recycle, and preserve capability over time.
Extraction pressure, liability creation, and continuity preservation across capital classes.
Regenerative capital is the only class that maximises continuity while minimising extraction and liability
When public systems are supported by regenerative capital structures:
Importantly: This does not require higher deficits or new taxes.
It requires a different treatment of time.
Regenerative capital architectures are structured to be:
They are designed to complement—not replace—existing fiscal tools.
This is not an alternative to public finance. It is a missing layer beneath it.
For treasuries, finance departments, and central agencies, this framework offers:
For recurring asset collapse
A way to fund continuity without increasing sovereign debt
Capital structures that reduce future fiscal shocks
Accounting approaches that make long-term value legible
Deployment models that survive electoral cycles
This is not a financing program. It is an architectural upgrade.
To be explicit, this is not:
It assumes:
And works within those conditions.
Depending on your mandate, you may want to explore:
If you are tasked with:
Then the problem you are facing is not ideological.
It is architectural.