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 42
... Potential Energy in Assets What is it that fixes the potential of an asset so that it can put additional production into motion ? What detaches value from a simple house and fixes it in a way that allows us to realize it as capital ? We ...
... Potential Energy in Assets What is it that fixes the potential of an asset so that it can put additional production into motion ? What detaches value from a simple house and fixes it in a way that allows us to realize it as capital ? We ...
Page 43
... potential of the weight of the water to do additional work ; and , second , to convert this potential energy into electricity that may be used to create surplus value . The additional value we obtain from the lake is not a value of the ...
... potential of the weight of the water to do additional work ; and , second , to convert this potential energy into electricity that may be used to create surplus value . The additional value we obtain from the lake is not a value of the ...
Page 47
... Potential of Assets The potential value locked up in a house can be revealed and transformed into active capital in the same way that potential energy is identified in a mountain lake and then transformed 47 THE MYSTERY OF CAPITAL ...
... Potential of Assets The potential value locked up in a house can be revealed and transformed into active capital in the same way that potential energy is identified in a mountain lake and then transformed 47 THE MYSTERY OF CAPITAL ...
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