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.
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... in the history of developing countries since their independence , and in the
countries of the former Soviet bloc since the ... Growing Extralegality The
populations of most major Third World cities have shown fourfold increase in the
past four ...
The past of Europe strongly resembles the present of developing and former
communist countries . The fundamental problem that the latter face is not that
people are invading and clogging the cities , that public services are inadequate ,
The Significance for Third World and Former Communist Nations For developing
and ex - communist countries trying to make their own transition to capitalism ,
the American experience is extremely significant . The recognition 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?
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