Still rough thoughts, but...
You can imagine a city that has high quality mining, ore refining, blacksmithing, swordsmithing, leather work, and thriving markets.
The quality of these institutions all reinforce the other...
It's not just the infrastructure of ore --> refining --> smithing --> sales, it's also even basic taken-for-granted elements like knowing which smiths work on reliable timetables, whose ore is consistently made well, and the basic personalities of the various proprietors.
Heck, even knowing the correct addresses and how to navigate the city streets is valuable.
All of these things don't appear on a balance sheet, but there's something to them. The infrastructure isn't solely the physical infrastructure - it's not just the smiths, anvils, tools, transport, whatever. It's also the relationships between those.
Nobody can claim those as their own. They're not assets in the conventional sense of the word. But intuitively, we understand that the relationships between these elements contributes to thriving industries.
I think we can call this "cultural infrastructure" - less about the physical stuff, and more about the relationships and interplay between the different people working on the physical stuff.
I came across your site a few days ago after a friend posted a link to your "What Skills Do You Need to be an Entrepreneur? Only Two" article. While I've read many different blogging sites about similar topics, there was something about your writing that has compelled me to stay on your site and read through dozens of your articles. In fact, of all the sites/blogs I have read, you are the first I have attempted to contact. You seem like a really interesting guy, and you have certainly inspired me.
Anyways, I read in one of your works that you aren't much a fan of small talk (nor am I), so I'll cut straight to my questions:
What are you thoughts on Ayn Rand? Have you read Atlas Shrugged or The Fountainhead? The reason I ask is because a lot of your writing seems to reflect some of the core points of her philosophy, at least on an individual perspective (as portrayed in The Fountainhead). I'm not sure how you feel about her philosophy for a society as a whole, as in Atlas Shrugged.
If you've never read her before, here is a good excerpt of her thoughts on money (to get an idea of what her books are like):http://www.capitalismmagazine.com/economics/money/1826-francisco-s-money-speech.html
I have a habit of analyzing everything. Call it a hobby, or a side effect of having a blog, constantly worrying that I might just run out of things to say some day. After all, how many different ways can I yell, "Be happy! Do what you want to do! Go to weird places! Wear wool clothing! "? My baseline day is pretty great, but on those occasions where my day just glistens with perfection, I analyze it and try to figure out why.
And although balance isn't a characteristic many people would attribute to my life, oddly enough, I've found that my best days have a balance of different elements to them. These elements may be unique to me, but they're so fundamental that I think they must be universal.
Getting Stuff Done