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 44
... system that protects property , not as interlocking mechanisms for fixing the economic potential of an asset in such ... formal property systems . The Hidden Conversion Process of the West This may sound too simple or too complex . But ...
... system that protects property , not as interlocking mechanisms for fixing the economic potential of an asset in such ... formal property systems . The Hidden Conversion Process of the West This may sound too simple or too complex . But ...
Page 46
... land , every house , every chattel is formally fixed in updated records governed by rules contained in the property system . Every increment in production , every new building , product or commercially valuable thing is someone's formal ...
... land , every house , every chattel is formally fixed in updated records governed by rules contained in the property system . Every increment in production , every new building , product or commercially valuable thing is someone's formal ...
Page 53
... formal property system lets them know what assets are available and what opportunities exist to create surplus value . Consequently , an asset's potential has become easier to evaluate and exchange , enhancing the production of capital .
... formal property system lets them know what assets are available and what opportunities exist to create surplus value . Consequently , an asset's potential has become easier to evaluate and exchange , enhancing the production of capital .
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