The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere ElseWhy does capitalism triumph in the West but fail almost everywhere else? Elegantly, and with rare clarity, Hernando de Soto revolutionizes our understanding of what capital is and why it does not benefit five-sixths of mankind. He also proposes a solution: enabling the poor to turn the vast assets they possess into wealth. |
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Page 74
... Once the potential value of the movement is harnessed , many of its problems will be easier to resolve . Developing and former communist nations must choose either to create systems that allow their governments to adapt to the con ...
... Once the potential value of the movement is harnessed , many of its problems will be easier to resolve . Developing and former communist nations must choose either to create systems that allow their governments to adapt to the con ...
Page 128
... once.55 During the very first session of the new Congress , in 1789 , one member poignantly outlined the choices that squatters faced : There are , at this moment , a great number of people on the ground , who are willing to acquire by ...
... once.55 During the very first session of the new Congress , in 1789 , one member poignantly outlined the choices that squatters faced : There are , at this moment , a great number of people on the ground , who are willing to acquire by ...
Page 189
... Once governments come to terms with this fact of modern life , they will have to strike a deal . Although the extralegals are already primed to cross the bridge into legal recognition , they will do so only if their governments make the ...
... Once governments come to terms with this fact of modern life , they will have to strike a deal . Although the extralegals are already primed to cross the bridge into legal recognition , they will do so only if their governments make the ...
Contents
The Five Mysteries of Capital | 1 |
2 The Mystery of Missing Information | 14 |
How Much Dead Capital? | 27 |
Copyright | |
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Adam Smith advanced nations American apartheid bell jar buildings capitalist cent cities citizens claim associations Claim Clubs colonial Congress create capital dead capital developing and ex-communist developing and former developing countries élites enforce entrepreneurs ex-communist countries extralegal arrangements extralegal property extralegal sector extralegal social contracts formal law formal property system former communist countries former communist nations fungible global Haiti Hernando de Soto housing Ibid illegal institutions integrated investment land lawyers legal property system legal system live maps Marx ments Michel Foucault migrants million miners Office official law organizations owners ownership Peru political politicians poor population Port-au-Prince problem procedures production property arrangements property law property representations property rights protect real estate records reform Registry Revolution rules rural settlements settlers shanty towns society squatters squatting statutes surplus value Third World Tomahawk Rights transactions United urban West Western World and former