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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Today , only about 3 per cent of new construction is officially listed as rental
housing . ... Their only alternative is to live and work outside the official law ,
using their own informally binding arrangements to protect and mobilize their
Again , this is similar to the past of the West when official titles did not exist . ...
exist in some parts of what is today Germany , most official rules on how property
transactions ought to work were unwritten and known only through oral traditions
... that we are everywhere able to extract the social contracts undergirding
property . While extralegal sources of information to identify property conventions
are important , there are also official and legal sources . Politicians at the top are
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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