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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As a result , the poor are not really poor at all . They own trillions of pounds worth
of assets ' Mark Leonard , New Statesman ' A very great book ... powerful and
completely convincing . It will have a most salutary effect on the views held on ...
that most of the poor already possess the assets they need to make a success of
capitalism . Even in the poorest countries the poor save . The value of savings
among the poor is , in fact , immense : forty times all the foreign aid received ...
To experience the process from the point of view of the poor , we used a
stopwatch to measure the amount of time a typical entrepreneur in Lima would
have to spend to get through the red tape . We discovered that to become legal
took over ...
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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