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The conceptual language available to public finance for representing capital that must operate across long time horizons. Current vocabulary forces capital into categories designed for flows (budgets), liabilities (debt), events (grants), or transactions (contracts)—none of which govern continuity. The missing vocabulary prevents institutional actors from thinking in decades.
A minister cannot request 'long-horizon capital' because the category does not exist in budget submissions. Available options are annual appropriations, debt instruments, or project grants—all of which encode temporal constraints incompatible with 50-year missions.
LHC Section 2