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 90
... arrangements is that they are not integrated into the formal property system and as a result are not fungible and adapt- able to most transactions ; they are not connected into the financial and investment circuit ; and their members ...
... arrangements is that they are not integrated into the formal property system and as a result are not fungible and adapt- able to most transactions ; they are not connected into the financial and investment circuit ; and their members ...
Page 170
... arrangements are dispersed among dozens , sometimes hundreds , of communities ; rights and other information are known only to insiders or neighbours . All the separate , loose extralegal property arrangements characteristic of most ...
... arrangements are dispersed among dozens , sometimes hundreds , of communities ; rights and other information are known only to insiders or neighbours . All the separate , loose extralegal property arrangements characteristic of most ...
Page 216
... arrangements they cannot capture the reality outside the bell jar . They are thus unable to do their real job , which is to help anchor the property aspects of assets in physical reality so as to keep virtuality and physicality in sync ...
... arrangements they cannot capture the reality outside the bell jar . They are thus unable to do their real job , which is to help anchor the property aspects of assets in physical reality so as to keep virtuality and physicality in sync ...
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