Cary Neeper's Blog: Reviewing World-changing Nonfiction - Posts Tagged "ownership"
Review: The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else by Hernando DeSoto, New York, Basic Books, 2000.
A must-read!
This book cites rave reviews by thirty-one significant people in government and the press, and its simple message has been taken seriously by some countries determined to help the 80% who fail to rise above poverty levels—most because they stay trapped in extralegal ways of obtaining a place to live and a barely adequate living.
The formula for lifting the 80% out of poverty is simple to understand but difficult to enact —governments must legalize and enable (through low enough prices and short time requirements) the assumptions and dealing practiced extra-legally by the poor. Only when property ownership is guaranteed—its value secured by legal government procedures and filed papers—can it be used to better ones position and grow the economy for all.
A must-read!
This book cites rave reviews by thirty-one significant people in government and the press, and its simple message has been taken seriously by some countries determined to help the 80% who fail to rise above poverty levels—most because they stay trapped in extralegal ways of obtaining a place to live and a barely adequate living.The formula for lifting the 80% out of poverty is simple to understand but difficult to enact —governments must legalize and enable (through low enough prices and short time requirements) the assumptions and dealing practiced extra-legally by the poor. Only when property ownership is guaranteed—its value secured by legal government procedures and filed papers—can it be used to better ones position and grow the economy for all.
Reviewing World-changing Nonfiction
Expanding on the ideas portrayed in The Archives of Varok books for securing the future.
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