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 51
... Western countries , where property information is standardized and universally avail- able , what owners can do with their assets benefits from the collective imagination of a larger network of people . It may surprise the Western ...
... Western countries , where property information is standardized and universally avail- able , what owners can do with their assets benefits from the collective imagination of a larger network of people . It may surprise the Western ...
Page 62
... Western property happens so easily , and why most of the assets in developing and ex - communist countries have slipped out of the formal legal system in search of mobility . The Western emphasis on the security of transactions allows ...
... Western property happens so easily , and why most of the assets in developing and ex - communist countries have slipped out of the formal legal system in search of mobility . The Western emphasis on the security of transactions allows ...
Page 109
... Western history I had read , that at some point in their past all Western nations had made the transition from dispersed , informal arrangements to an integrated legal property system . So why didn't I just go there into the history of ...
... Western history I had read , that at some point in their past all Western nations had made the transition from dispersed , informal arrangements to an integrated legal property system . So why didn't I just go there into the history of ...
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