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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... alienation of land are inadequately defined and not clearly protected by law ...
Mechanisms used in market economies to protect land rights are still in their
infancy ... The State itself continues to restrict use rights on land that it does not
... the government to registering the properties and rights that squatters claimed .
Claim Associations The claim associations of the American Midwest were
originally formed by settlers to protect their rights against speculators or claim
Unlike tigers and wolves , who bare their teeth to protect their territory , man ,
physically a much weaker animal , has used his mind to create a legal
environment – property – to protect his territory . Without anyone fully realizing it ,
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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