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 209
... lawyers and the technicians . The Lawyers In theory the legal community should favour reform because it will expand the rule of law . But most lawyers in developing and former communist countries have been trained not to expand the rule ...
... lawyers and the technicians . The Lawyers In theory the legal community should favour reform because it will expand the rule of law . But most lawyers in developing and former communist countries have been trained not to expand the rule ...
Page 210
... lawyers or not , no genuine change in the property regime and the capital formation process will take place without the cooperation of at least some of them . The difficulty is that few lawyers understand the economic consequences of ...
... lawyers or not , no genuine change in the property regime and the capital formation process will take place without the cooperation of at least some of them . The difficulty is that few lawyers understand the economic consequences of ...
Page 213
... lawyers . It takes a wise and cunning political leader to avoid the lawyers skilled at the subtleties of scaring politicians into a state of immobility and to find instead those who will give legal form to an agenda for transformation ...
... lawyers . It takes a wise and cunning political leader to avoid the lawyers skilled at the subtleties of scaring politicians into a state of immobility and to find instead those who will give legal form to an agenda for transformation ...
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