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 119
... politicians eager to develop and exploit a colony's resources . In most colonies politicians believed that territorial development could be accomplished only through immigration . To accomplish this goal , colonial politicians gave ...
... politicians eager to develop and exploit a colony's resources . In most colonies politicians believed that territorial development could be accomplished only through immigration . To accomplish this goal , colonial politicians gave ...
Page 136
... politicians thus had several choices . They could continue to try to thwart or ignore extralegals , grudgingly make concessions or become champions of extralegal rights . The expansion of occupancy laws recognizing a right to land based ...
... politicians thus had several choices . They could continue to try to thwart or ignore extralegals , grudgingly make concessions or become champions of extralegal rights . The expansion of occupancy laws recognizing a right to land based ...
Page 139
... politicians critical of the authority of an élite group of judges elected by no one . But , in an extraordinary turn of events , Kentucky judges also rejected the Supreme Court's decision . In a similar case two years later a Kentucky ...
... politicians critical of the authority of an élite group of judges elected by no one . But , in an extraordinary turn of events , Kentucky judges also rejected the Supreme Court's decision . In a similar case two years later a Kentucky ...
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