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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The poor will become the most effective public relations machine for reform ,
providing the feedback from the streets necessary to keep the program on course
. This is what happened in Peru . From 1984 to 1994 my colleagues and I
Unless the reform - minded politician hand - picks his lawyers , he will be at the
mercy of the ruling legal technocrats who will give lip service to reform while
subverting it in the shadows . Courageous , reform - minded lawyers exist in
Political intervention is also necessary because government organizations within
the bell jar are generally not designed to undertake swift , broad reform programs
. They are usually organized as specialized departments , a structure that ...
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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