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.
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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 of law but to defend it as they
accountability of owners and the enforceability of transactions must ultimately be
concretized in procedures and rules drafted by lawyers . It is the legal profession
that perfects all the artefacts of formal property : titles , records , trademarks ...
The key is choosing the right 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 ...
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?
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