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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In the Philippines , by our calculation , 57 per cent of city - dwellers and 67 per
cent of people in the countryside live in housing that is dead capital . In Peru 53
per cent of city - dwellers and 81 per cent of people in the countryside live in ...
The underground market now accounts for 50 per cent of GDP in Russia and
Ukraine and a whopping 62 per cent in Georgia . The International Labour
Organization reports that since 1990 85 per cent of all new jobs in Latin America
and the ...
In Brazil , for example , the construction industry reported a mere 0.1 percent
growth in 1995 ; yet cement sales during the first six months of 1996 soared by
nearly 20 per cent . The reason for the apparent anomaly , according to a
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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