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 110
... United States because , more than 150 years ago , it too was a Third World country . The governments and judiciary of the young states , not yet so legally united , were trying to cope with the law and disorder of migrants , squatters ...
... United States because , more than 150 years ago , it too was a Third World country . The governments and judiciary of the young states , not yet so legally united , were trying to cope with the law and disorder of migrants , squatters ...
Page 111
... United States officials left the assets of the American settlers and miners primed to be converted into capital . As in the United States in the nineteenth century , the challenge of capitalizing the poor in the Third World and former ...
... United States officials left the assets of the American settlers and miners primed to be converted into capital . As in the United States in the nineteenth century , the challenge of capitalizing the poor in the Third World and former ...
Page 113
... United States , which eventually created the basis for capital generation and transactions in an expanded market , is typically treated as a political strategy to aid American imperial ambitions , help pioneers exploit the country's ...
... United States , which eventually created the basis for capital generation and transactions in an expanded market , is typically treated as a political strategy to aid American imperial ambitions , help pioneers exploit the country's ...
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