The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Why 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.
Results 1-3 of 87
an Extralegal asset owners are thus denied access to the credit that would allow
them to expand their operations essential step towards starting or growing a
business in advanced countries . In the United States , for example , up to 70 per
The Wall Street Journal reported in 1997 that , according to the group Friends of
the Land , only 10 per cent of land occupied in the Brazilian Amazon jungle is
covered by property titles.14 In other countries extralegality is on the rise .
Countries that made legal efforts to integrate extralegal enterprise prospered
more quickly than the countries that resisted change . By easing access to formal
property , reducing the obstacles engendered by obsolete regulations and
What people are saying - Write a review
LibraryThing ReviewUser Review - Indrit - LibraryThing
I have had the privilege of meeting the Hernando de Soto back in 2006 while attending training at his Institute for Liberty and Democracy in Lima. I can count among those who have also implemented in ... Read full review
LibraryThing ReviewUser Review - ShadowBarbara - LibraryThing
Excellent overview of how we use property to create capital and how most of the world does not have a system for documenting ownership. Most people live in an extralegal system. Has recommendations for changing the systems so that real capitalism can work. Read full review
The Five Mysteries of Capital
The Mystery of Missing Information
How Much Dead Capital?
16 other sections not shown