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 8
... able to see and draw out capital from them . One of the greatest challenges to the human mind is to comprehend and gain access to those things we know exist but cannot see . Not everything that is real and useful is tangible and visible ...
... able to see and draw out capital from them . One of the greatest challenges to the human mind is to comprehend and gain access to those things we know exist but cannot see . Not everything that is real and useful is tangible and visible ...
Page 78
... able to gain some municipal services , the majority are still informal.4 In the Philippines the newspaper Business World called on the government ' to stem the tide of humanity that is con- gesting our city to bursting point ... You see ...
... able to gain some municipal services , the majority are still informal.4 In the Philippines the newspaper Business World called on the government ' to stem the tide of humanity that is con- gesting our city to bursting point ... You see ...
Page 189
... able to do that by hiring lawyers in high- rise offices in Delhi , Jakarta or Moscow to draft new laws . They will have to go out into the streets and roads , and listen to the barking dogs . The law that prevails today in the West did ...
... able to do that by hiring lawyers in high- rise offices in Delhi , Jakarta or Moscow to draft new laws . They will have to go out into the streets and roads , and listen to the barking dogs . The law that prevails today in the West did ...
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