
The Mystery of Capital
Why Capitalism Triumphs in the West and Fails Everywhere Else
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Narrated by:
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Bob Souer
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By:
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Hernando de Soto
A renowned economist's classic book on capitalism in the developing world, showing how property rights are the key to overcoming poverty.
"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
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 extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West, we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
©2000 Hernando de Soto (P)2019 TantorListeners also enjoyed...




















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The Mystery of Capital
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amazing book
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Very informative book
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This is a must read.
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It ties in well with the saying - Everything that glitters is not gold or perhaps will remain or generate further gold!
Good global perspective on Capitalism
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Do yourself a massive favour and read this book NOW!!!!
Memorable and Impactful
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Factoring in modern tech and business landscape compared to that at time of writing (~2002), shows the global significance and opportunity of nft markets, web3, and blockchain tech as a whole.
Gives great insight into modern web3/nft opportunities
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As an immigrant from former USSR it is disheartening for me to watch a massive move away from appreciating United States as a land of opportunity and a miracle born from American revolution. Just compare the outcome of Russian revolution to understand what I mean.
I am not an economist and simply wondering if more people in US should use the ideas in this book to assess how they can create and use private property to become financially secure. "To expand the limits of the Bell Jar."
A way to keep the republic?!
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great book
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buy this book
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