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 88
... advanced nations ; in developing countries the figure is closer to three- quarters . Extralegal settlements are often the only avenue for investment in developing and ex - communist countries and therefore represent an important part of ...
... advanced nations ; in developing countries the figure is closer to three- quarters . Extralegal settlements are often the only avenue for investment in developing and ex - communist countries and therefore represent an important part of ...
Page 108
... advanced nations to find out how their property rights experts would go about integrating a nation's extra- legal assets into one legal property system . After thirteen years , thousands of miles and a little more grey hair , I had ...
... advanced nations to find out how their property rights experts would go about integrating a nation's extra- legal assets into one legal property system . After thirteen years , thousands of miles and a little more grey hair , I had ...
Page 225
... advanced nation to understand because in the West those discontented with the system live in ' pockets of poverty'.5 Misery in developing and ex - communist nations , however , is not contained in pockets ; it is spread throughout ...
... advanced nation to understand because in the West those discontented with the system live in ' pockets of poverty'.5 Misery in developing and ex - communist nations , however , is not contained in pockets ; it is spread throughout ...
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