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 111
... politicians gradually modified the law to integrate this reality into the official legal system , and won some political points in the bargain . Having thus changed their laws to accommodate existing extralegal arrangements , United ...
... politicians gradually modified the law to integrate this reality into the official legal system , and won some political points in the bargain . Having thus changed their laws to accommodate existing extralegal arrangements , United ...
Page 168
... POLITICAL AND LEGAL STRATEGY B.1 B.2 Ensure that the highest political level assumes responsibility for capitalization of the poor Put into operation agencies that will permit rapid change B.2.1 Identify and connect with the ...
... POLITICAL AND LEGAL STRATEGY B.1 B.2 Ensure that the highest political level assumes responsibility for capitalization of the poor Put into operation agencies that will permit rapid change B.2.1 Identify and connect with the ...
Page 199
... political task . PART II : The Political Challenge Nobody planned the evolution from feudal and patrimonial systems to the modern property systems that exist in the West today . However , on the long evolutionary path to modernity , in ...
... political task . PART II : The Political Challenge Nobody planned the evolution from feudal and patrimonial systems to the modern property systems that exist in the West today . However , on the long evolutionary path to modernity , in ...
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