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 70
... industrial zones through- out the world . They have improved the stalls of pavement vendors clogging their streets ; removed hordes of drifters from their city squares and planted flowers instead ; tightened construction and safety ...
... industrial zones through- out the world . They have improved the stalls of pavement vendors clogging their streets ; removed hordes of drifters from their city squares and planted flowers instead ; tightened construction and safety ...
Page 96
... Industrial Revolution began in Europe , govern- ments were also plagued with uncontrollable migration , growth of the extralegal sector , urban poverty and social unrest . They , too , originally addressed these problems piecemeal ...
... Industrial Revolution began in Europe , govern- ments were also plagued with uncontrollable migration , growth of the extralegal sector , urban poverty and social unrest . They , too , originally addressed these problems piecemeal ...
Page 102
... industries and the considerable extension of rural industry organized on the putting - out system ' . " 30 The Breaking Down of the Old Order - European governments were gradually forced to retreat in the face of growing extralegality ...
... industries and the considerable extension of rural industry organized on the putting - out system ' . " 30 The Breaking Down of the Old Order - European governments were gradually forced to retreat in the face of growing extralegality ...
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