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 86
... developing countries will have 5 million or more people , 12 with most living and working extralegally . The extralegal sector is omnipresent in the developing and former communist countries . New activities have emerged and gradually ...
... developing countries will have 5 million or more people , 12 with most living and working extralegally . The extralegal sector is omnipresent in the developing and former communist countries . New activities have emerged and gradually ...
Page 107
... past of Europe strongly resembles the present of developing and former communist countries . The funda- mental problem that the latter face is not that people are invading and clogging the cities , that public services are in- adequate ...
... past of Europe strongly resembles the present of developing and former communist countries . The funda- mental problem that the latter face is not that people are invading and clogging the cities , that public services are in- adequate ...
Page 156
... 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 integration of extralegal property rights ...
... 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 integration of extralegal property rights ...
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