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.
Results 1-3 of 38
In Egypt , for instance , the wealth that the poor have accumulated is worth fifty -
five times as much as the sum of all direct foreign investment ever recorded there
, including the Suez Canal and the Aswan Dam . In Haiti , the poorest nation in ...
sum is four times the total of all the assets of all the legally operating companies
in Haiti , nine times the value of all assets owned by the government and 158
times the value of all foreign direct investment in Haiti's recorded history to 1995.
13 times greater than accumulated net foreign reserves up to 1996 . 16 times
greater than accumulated investment in formal assets made by private firms
attracted by incentives given by the government of Egypt through the Investment
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?
16 other sections not shown