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 73
... migrants move from developing and ex - communist countries to advanced nations , well - developed institutions eventually absorb them into a networked property system that helps them produce surplus value . The people who migrate within ...
... migrants move from developing and ex - communist countries to advanced nations , well - developed institutions eventually absorb them into a networked property system that helps them produce surplus value . The people who migrate within ...
Page 97
... migration began late in the sixteenth century . Disconcerted by the growing numbers of migrants in the cities and the resulting unrest , authorities tried to keep the peace with various stopgap measures such as distributing food among ...
... migration began late in the sixteenth century . Disconcerted by the growing numbers of migrants in the cities and the resulting unrest , authorities tried to keep the peace with various stopgap measures such as distributing food among ...
Page 98
... migrants from realizing their full economic potential . The overcrowding of an increasing urban population , disease and the inevitable difficulties of country people adapting to life in the city further aggravated social conflict ...
... migrants from realizing their full economic potential . The overcrowding of an increasing urban population , disease and the inevitable difficulties of country people adapting to life in the city further aggravated social conflict ...
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