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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C.1.3 Develop manuals that explain to the leaders and the people of extralegal
settlements the ways in which they can participate in the selection and collection
of proots of ownership . C.1.4 Prepare for capitalizing extralegal communities ...
This means that property arrangements work best when people have formed a
consensus about the ownership of assets and the rules that govern their use and
exchange . Outside the West extralegal social contracts prevail for a good reason
businesses in cities throughout the Second and Third Worlds may not have been
formally titled , but governments have accepted ( if only tacitly ) their existence
and ownership arrangements . In many developing countries during this century
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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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