The Mystery Of Capital By Hernando Desoto - amazonia.fiocruz.br

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In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly informal, extralegal ownership to a formal, unified legal property system. In the West Dezoto forgotten that creating this system is also what allowed people everywhere to leverage property into wealth.

This persuasive book will revolutionize our understanding of capital and point the way to a major transformation of the world economy. Doug — Mar 09, So right. Free marketers have been saying this for decades. And, to his credit, de Soto dismisses typical conservative explanations of poverty that blame poverty primarily on the poor — low I. He just keeps pointing to a lack of clear property rights. But the counterexamples to his claim are easy. If clear property rights are so central, then why is there still serious poverty in countries, like the U. The West started growing rich — The Mystery Of Capital By Hernando Desoto British, Dutch, and Spanish colonialism — long before any country had a clear system of property rights in fact, such rights would have greatly hindered early wealth accumulation. This is due to the fact that great wealth has historically come from state interventions over centuries.

Great wealth has always depended on a very intrusive state. He actually thinks this debate is about ideas. Enlarging pocketbooks more than by state interventions on their behalf? But capitalist nations have always gone to great lengths to do just the opposite.

Hernando De Soto : Spanish Explorer And Conquistador

Why change something that works so well for the powerful? Capitalist nations have fought many wars and spent trillions, especially in South America, to restrict property and capital. Poverty is no accident. It was and is an important part of Western policy. This was not done in the dark. The U. Ask Afghanistan and Iraq. Gordon — Dec 21, Written by a Peruvian author, this book is wonderfully enlightening for anyone interested in issues of 3rd World economic development. De Soto's central thesis is quite simple: you can't solve the problem of stagnant, poverty-stricken economies unless you figure out how to make credit available so that people can start and operate businesses. But you can't get credit if you have no assets to secure it with. And you have no significant assets you can call your own if you The Mystery Of Capital By Hernando Desoto establish title to Written by a Peruvian author, this book is wonderfully enlightening for anyone interested in issues of 3rd World economic development.

And you have no significant assets you can call your own if you can't establish title to your land and house. And that's precisely the problem of much of the 3rd world -- where you have vast squatter communities on the periphery of virtually every major city.

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Those squatters may have been there for decades, but no matter. They still can't establish title to land or house. Not only that, they're vulneable to https://amazonia.fiocruz.br/scdp/blog/gregorys-punctuation-checker-tool/children-matter-alternatives-for-juvenile-detention.php, which leads to another chronic problem of countries where property rights are shaky: violence.

It takes armed force to protect your property, so societies without the rule of law for property rights also lack the rule of law for personal safety.

It's a compelling argument. I recommend the book highly. Veronica — Dec 16, Given the immense value of savings, the dogged perseverance, thrift, Mystefy ingenuity of the people in developing countries, why have they continued to lag behind economically? This books answers that question by exposing the lack of property rights in the developing world.]