The Mystery of Capital
The Mystery of Capital
Hernando De Soto
Jordan Peterson
Recommended on Jordan Peterson's website.
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The Mystery of Capital

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

Hernando De Soto
By
Hernando De Soto
4.0
4191
ratings on Goodreads

In the illuminating work "The Mystery of Capital," Hernando De Soto embarks on an intellectual journey to unravel the conundrum that perpetuates global economic disparity. De Soto challenges the prevailing notion that cultural differences underpin the success or failure of capitalism across nations. Instead, he masterfully argues that the crux of prosperity lies in the legal frameworks governing property and property rights. Through a meticulous examination of history and contemporary case studies, De Soto reveals how developed nations have transitioned from informal systems of ownership to robust legal structures that enable individuals to transform property into wealth. This transition, largely taken for granted in the West, is pinpointed as the pivotal factor that could ignite a significant transformation in the global economy. "The Mystery of Capital" stands as a revolutionary manifesto, calling for a reevaluation of how property rights are established and recognized worldwide. De Soto's persuasive analysis not only diagnoses the barriers that thwart the expansion of capital among the world's poorer populations but also offers a visionary solution for bridging the vast economic divide. With compelling clarity and an eye toward practical application, De Soto advocates for legal reforms that could empower millions, turning dead assets into dynamic engines of growth. This book is not just a critique of capitalism's shortcomings but a beacon of hope for its future, proposing a path to unleash hidden wealth and spur unprecedented development.

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Released
2000
1 Jan
Length
288
Pages

1

recommendations

recommendation

Recommended on Jordan Peterson's website.
In Haiti, untitled rural and urban real estate holdings are together worth some 5.2 billion. To put that sum in context, it is four times the total of all the assets of all the legally operating companies in Haiti, nine times the value of all assets owned by the government, and 158 times the value of all foreign direct investment in Haiti's recorded history to 1995.
— Hernando De Soto, The Mystery of Capital

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