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 63
... create further production and increase the division of labour . The genius of the West was to have created a system that allowed people to grasp with the mind values that human eyes could never see and to manipulate things that hands ...
... create further production and increase the division of labour . The genius of the West was to have created a system that allowed people to grasp with the mind values that human eyes could never see and to manipulate things that hands ...
Page 64
... create credit and generate investment , what people encumber are not the physical assets themselves , but their the ... created ex nihilo from the point of view of property , which must always exist before money can come into existence ...
... create credit and generate investment , what people encumber are not the physical assets themselves , but their the ... created ex nihilo from the point of view of property , which must always exist before money can come into existence ...
Page 168
... create a single organization having the sole mandate of capitalizing assets and decentralize offices to provide services throughout the country . B.2.3 Ensure that the capitalization process both incorporates the political priorities of ...
... create a single organization having the sole mandate of capitalizing assets and decentralize offices to provide services throughout the country . B.2.3 Ensure that the capitalization process both incorporates the political priorities of ...
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