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 23
... officially listed as rental housing . To where did that market vanish ? To the extralegal areas of Brazilian cities ... official legal system , ad hoc improvis- ations and customs brought from their places of origin or locally devised ...
... officially listed as rental housing . To where did that market vanish ? To the extralegal areas of Brazilian cities ... official legal system , ad hoc improvis- ations and customs brought from their places of origin or locally devised ...
Page 191
... official titles did not exist . Before the fifteenth century in Europe , for example , even though some isolated registries did exist in some parts of what is today Germany , most official rules on how property transactions ought to ...
... official titles did not exist . Before the fifteenth century in Europe , for example , even though some isolated registries did exist in some parts of what is today Germany , most official rules on how property transactions ought to ...
Page 195
... official assessments of the extent of illegality of the informal settle- ments or groups of new businesses that are sprouting constantly throughout their districts . We have learned how to read official documentation to spot areas where ...
... official assessments of the extent of illegality of the informal settle- ments or groups of new businesses that are sprouting constantly throughout their districts . We have learned how to read official documentation to spot areas where ...
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