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 28
... buildings cannot be hidden . You can ascertain their value simply by surveying the cost of the building materials and observing the selling prices of comparable buildings . We spent many thousands of days counting buildings block by ...
... buildings cannot be hidden . You can ascertain their value simply by surveying the cost of the building materials and observing the selling prices of comparable buildings . We spent many thousands of days counting buildings block by ...
Page 37
... buildings . There is , however , one crucial difference between unleash- ing energy from a brick and unleashing capital from brick buildings : while humanity ( or at least a large group of scientists ) has mastered the process of ...
... buildings . There is , however , one crucial difference between unleash- ing energy from a brick and unleashing capital from brick buildings : while humanity ( or at least a large group of scientists ) has mastered the process of ...
Page 91
... buildings falling apart from neglect and poverty . In the developing world the basic shelters of the poor are likely to be improved , built up and progressively gentrified . While the houses of the poor in advanced nations lose value ...
... buildings falling apart from neglect and poverty . In the developing world the basic shelters of the poor are likely to be improved , built up and progressively gentrified . While the houses of the poor in advanced nations lose value ...
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